Accounting Problems at Fannie Mae
Description:
This report summarizes the critiques the Office of Federal Housing Enterprise Supervision (OFHEO) made of accounting practices at Fannie Mae. The OFHEO's two main issues are under the domains of: amortization of discounts, premiums, fees involved in the purchase of home mortgages, and the other being accounting for financial derivatives contracts. The report emphasizes that these discrepancies created a false image of the company's earnings and in one case was the cause of the company's executi…
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Date:
December 7, 2006
Creator:
Jickling, Mark
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department