Industry News

Fannie Mae overstated earnings by $6.3 billion

Mortgage repurchaser issues first 10-K since accounting scandal broke
Published on Dec 7, 2006

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by CareyBot

Fannie Mae overstated earnings from 2001 through the first two quarters of 2004 by $6.3 billion, the company said Wednesday In a Securities and Exchange System filing Wednesday, the government-backed mortgage repurchaser restated the audited results previously filed for 2002 ...