Control That Was Maybe Too Remote

Article Abstract:

Federal National Mortgage Association is being investigated for accounting irregularities by the Office of Federal Housing Enterprise Oversight. There is some question as to how much Franklin D. Raines, the current executive director and his predecessor, James A. Johnson, knew about Fannie Mae's accounting practices.

Legal issues & crime, Company legal issue, Investigations, Compensation and benefits, United States. Department of Housing and Urban Development. Office of Federal Housing Enterprise Oversight, Johnson, James A.

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Fannie Mae Shake-Up Puts 2 Board Members in Top Posts

Article Abstract:

After investigations into accounting irregularities at mortgage bank Fannie Mae, two top executives, Franklin D. Raines and J. Timothy Howard are being replaced. Daniel H. Mudd becomes acting chief executive, Stephen B. Ashley becomes acting chairman, and Robert Levin becomes interim chief financial officer.

Executive changes & profiles, Officials and employees, Appointments, resignations and dismissals, Ashley, Stephen B., Howard, J. Timothy, Levin, Robert, Mudd, Daniel H.

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Overseer Says Fannie Mae May Be Due For Shake-Up

Article Abstract:

A report from the Office of Federal Housing Enterprise Oversight is critical of the management and accounting practices of the Federal National Mortgage Association.

Human resource management, Company personnel management, United States. Securities and Exchange Commission, Severance pay

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