Regulator says Fannie board contributed to accounting woes

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Regulator says Fannie board contributed to accounting woes
ABC News - May 23, 2006 WASHINGTON (Reuters) - Risks from an accounting scandal at U.S. mortgage finance Fannie Mae were greatly understated, and deliberate smoothing of earnings overstated income by $10.6 billion, its regulator said on Tuesday in a report

Report due on Fannie, $400 mln settlement expected
ABC News - WASHINGTON (Reuters) - Federal regulators on Tuesday are expected to say Fannie Mae will pay $400 million for using bad accounting to manage earnings and trigger bonuses, according to sources briefed on the plan. The Office of Federal Housing

Fannie Mae paying large fine in settlement with regulators
KOTV - WASHINGTON (AP) _ Embattled mortgage giant Fannie Mae is being fined between $300 million and $500 million for the alleged manipulation of accounting so that executives could collect millions in bonuses, according to a person familiar with the