Accounting Problems at Fannie Mae
Description:
On September 22, 2004, the Office of Federal Housing Enterprise Supervision (OFHEO) made public a report that was highly critical of accounting methods at Fannie Mae, the government-sponsored enterprise that plays a leading role in the secondary mortgage market. OFHEO charged Fannie Mae with not following generally accepted accounting practices in two critical areas: (1) amortization of discounts, premiums, and fees involved in the purchase of home mortgages and (2) accounting for financial der…
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Date:
November 15, 2005
Creator:
Jickling, Mark
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department