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Fannie Mae Plays Catchup With SEC and Sues Its Former Auditor

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Fannie Mae Plays Catchup With SEC and Sues Its Former Auditor

December is starting off with a bang for Fannie Mae.

On December 6 the mortgage giant announced that it had (finally) finished a restatement of its earnings dating from 2004 back to 2001 and had filed the required Form 10Ks with the Securities and Exchange Commission (SEC).

A second part of the announcement was good news for the corporation's shareholders...
...

Published Mon, Dec 12 2006 8:00 AM by Glenn Setzer

Filed under: ofheo, Fannie Mae, SEC, earnings, lawsuit, KPMG

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Mortgage Rates:

30 Yr FRM 3.86%
|
15 Yr FRM 3.24%
|
Jumbo 30 Year Fixed 4.11%

MBS Prices:

30YR FNMA 4.5 106-24 (0-00)
|
30YR FNMA 5.0 108-03 (0-00)
|
30YR FNMA 5.5 108-31 (0-00)

Recent Housing Data:

Mortgage Apps 23.07%
|
Refinance Index 26.40%
|
Purchase Index 10.33%

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