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Home » Store » Taxable » Estimate of Fannie Mae Restatement Heads Upward

Estimate of Fannie Mae Restatement Heads Upward

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Taxable

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There’s more evidence that Fannie Mae’s restatement could be larger than earlier estimates, but investors don’t appear too concerned that additional accounting errors at the giant GSE would cause serious financial or regulatory difficulties. According to a statement filed with the Securities and Exchange Commission this month, Fannie will have to adjust its past earnings statements due to errors in treating guarantee-fee payments, mortgage insurance policies, low income housing tax...
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