Mortgage giant Fannie Mae ordered to separate chairman, CEO - 2005-03-08
Fannie Mae's government regulator says it has reached a second agreement with the mortgage lender to deal with accounting and corporate governance issues, including a requirement that the company separate the roles of chairman and chief executive.

Fannie Mae's board removed former chairman and CEO Franklin Raines in December after a Securities and Exchange Commission ruling that the company made accounting errors that could lead to restating $9 billion in profits.
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Luxury Home Prices Rise 7.2% - 2005-03-08
Luxury homes prices in the Denver area climbed by an average of 7.2 percent last year, compared with an increase of 4.1 percent for the overall housing market.

Kone said low interest rates are an important factor. Interest rates don't "make or break" a high-end home sale as they do with first- time home buyers, but many luxury home buyers seem eager to take advantage of low mortgage rates, he said.
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