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Home » Store » Taxable » Fannie Takes Impairments But Avoids Restatement

Fannie Takes Impairments But Avoids Restatement

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Fannie Mae stumbled but avoided a serious fall over its accounting policies after regulators determined the GSE needed to change the way it treats souring portfolio investments, but stopped short of compelling the company to restate its earnings – at least for now. In its latest quarterly filing with the Securities and Exchange Commission, Fannie estimated that it will have to write down the value of certain securities investments by about $260 million in
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