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Home » Store » Taxable » More Accounting Problems Unearthed at Fannie Mae, but Im-pact on Financial Statements May Be Modest

More Accounting Problems Unearthed at Fannie Mae, but Im-pact on Financial Statements May Be Modest

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Federal regulators have apparently found a passel of new accounting problems at Fannie Mae, although the government-sponsored enterprise did get the go-ahead for its plan to boost its capital cushion before the fourth quarter. Last September, the Office of Federal Housing Enterprise Oversight declared that Fannie had flouted accounting rules dealing with derivative deals and certain loan costs. Those findings were largely affirmed by the Securities and Exchange Commission and led to a massive management…
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