Mortgage giant Fannie Mae regulator identifies accounting concern - 2004-04-01
A government regulator indicated on Thursday it was concerned by the way mortgage finance company Fannie Mae accounts for the downward change in the value of its some of its assets -- known as "impairments."
"Our review of this particular matter, while not concluded, has led to concerns that Fannie Mae may not have applied the proper accounting guidance in this area," Office of Federal Housing Enterprise Oversight Director Armando Falcon said in a statement.
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