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Regulators Question Fannie Mae Accounting

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Regulators Question Fannie Mae Accounting

Business

Regulators Question Fannie Mae Accounting

Regulators Question Fannie Mae Accounting

  • Download
  • <iframe src="https://www.npr.org/player/embed/4052255/4052256" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Fannie Mae, the nation's largest source of financing for home mortgages, faces accusations of pervasive accounting problems. Federal regulators say the company, which buys home loans from lenders, deferred $200 million in expenses in 1998, allowing top managers to obtain millions in bonuses. NPR's Jack Speer reports.