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Home » Store » Taxable » Fannie Finds More Accounting Holes; Investors Smile

Fannie Finds More Accounting Holes; Investors Smile

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Fannie Mae announced last week that it has found new problems in its accounting for certain mortgage securities transactions, but investors took it in stride. In fact, they pushed the GSE’s stock up about 3 percent. The company said it still hopes to release its revised 2004 financial statements sometime in the second half of this year. When the GSE actually becomes current in its financial reporting is another matter. …
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