Industry News

Fannie Mae told to restate earnings

Mortgage giant has warned of possible $9 billion loss
Published on Dec 16, 2004

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

The Securities and Exchange Commission’s chief accountant has advised embattled mortgage giant Fannie Mae to correct its past accounting and restate its financial statements. Fannie Mae said last month that such a correction would mean the company might have to ...

Comments