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Home » Store » Taxable » Regulator Raises More Questions About Fannie Accounting in Classification of Assets

Regulator Raises More Questions About Fannie Accounting in Classification of Assets

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Taxable

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New revelations about accounting problems at Fannie Mae indicate the government-sponsored enterprise improperly designated which of its MBS assets should be priced to market and which should be held at historical cost – and could wipe even more previously recorded income off its books. According to a recent company announcement, investigators with the Office of Federal Housing Enterprise Oversight presented Fannie officials with a laundry list of additional issues that have been uncovered during the…
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