Deloitte & Touche to assist in Fannie Mae accounting review - 2004-02-12
The federal agency that oversees mortgage giant Fannie Mae has handed out a contract worth approximately $5.7 million to accounting firm Deloitte & Touche to help in the agency's review of the company.

The review was prompted by an accounting crisis at Fannie Mae's smaller rival in the multitrillion-dollar home mortgage market, Freddie Mac, which understated its earnings for 2000-02 by $5 billion to smooth out volatility in profits.
Read the full story at San Francisco Chronicle

Fannie Mae Promotes Prefab Home Ownership in California - 2004-02-12
Fannie Mae declared Tuesday that it will partner with nine lenders to provide manufactured home buyers access to 30-year mortgages with down payments as low as 5 percent.

The move came in an effort to revitalize the new mobile home industry, an industry ailing since the late 1990s.
Read the full story at Miami Herald