Fannie Notes More Accounting Problems

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00005135-fannie-notes-more-accounting-problems/

By Greg Morcroft, MarketWatch

Fannie Mae said Thursday it’s uncovered new accounting problems in the course of an ongoing review, with the mortgage giant identifying more than $10 billion in issues related to derivatives, insurance accounting and other matters.

In a filing with the Securities and Exchange Commission, the Washington-based company (FNM: Fannie Mae, which has previously said it will restate several past periods of financial results, now expects that its 2005 annual financial report won’t be completed before the second half of 2006.

For this complete story, please visit Fannie Notes More Accounting Problems.

Fannie Notes More Accounting Problems

Unknown Author

Featured Resources

Webinars

RA Compliance Corner: Managing Your Service Providers- Do you really have it all in order?

About