Fannie Mae says it expects to spend over $1 billion this year on accounting review
Marcy Gordon November 8, 2006 - 2:27 p.m. WASHINGTON (AP) - Fannie Mae (NYSE:FNM) said Wednesday it expects to spend more than US$1 billion this year on the massive review of its accounting and preparing financial statements as the mortgage giant pushes to complete it by year's end.
Source: www.canadianbusiness.com
Business: Treasury reigns in mortgage giants with new rule
WASHINGTON - The Treasury Department is tightening its process for approving the millions of dollars of mortgage-related debt issued by Fannie Mae and Freddie Mac, a change that could diminish the footprint of the two giants in the financial markets. ... - By MARCY GORDON The Associated Press
Source: www.nashuatelegraph.com
