Industry News

Fannie Mae’s ‘best-in-class’ image a ‘façade’

Mortgage giant to pay $400 million in settlement with regulator
Published on May 23, 2006

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by CareyBot

The long-held image of mortgage finance giant Fannie Mae as a low-risk, best-in-class institution was a “façade,” the government sponsored corporation’s regulator said today in a report summing up findings of a 27-month-long investigation into Fannie’s accounting practices. The report ...