Franklin Raines

Ex-Fannie Mae Official Is Dismissed From Shareholder Suit

Leanne Spencer, a former senior vice president and controller at Fannie Mae, was dropped from a shareholders’ securities fraud suit over claims she helped hide a $6.3 billion overstatement of earnings from 2001 to 2004.

Ex-Fannie Mae Chief Raines Dismissed From Securities Suit

Former Fannie Mae Chairman Franklin Raines was dropped from a securities fraud lawsuit brought against him by shareholders for conduct related to the company’s $6.3 billion overstatement of earnings from 2001 to 2004.

Ex-Fannie Chief Girds for Battle With SEC Over Disclosure

After the U.S. government snatched Fannie Mae from the brink of collapse in 2008 and forced out its chief executive officer, Daniel H. Mudd, he headed for the river.

Ex-Fannie Mae Executive Howard Dismissed From Fraud Suit

Former Fannie Mae Chief Financial Officer J. Timothy Howard was dropped from a shareholders’ securities fraud suit that claimed he hid the company’s $6.3 billion overstatement of earnings from 2001 to 2004.

Fannie Mae Silence on Taylor Bean Led to $3 Billion Fraud

The first sign of what would ultimately become a $3 billion fraud surfaced Jan. 11, 2000, when Fannie Mae executive Samuel Smith discovered Taylor, Bean & Whitaker Mortgage Corp. sold him a loan owned by someone else.

Countrywide Loans Sought Favor With Fannie Mae, Report Says

Countrywide Financial Corp. gave discount loans to former and current members of the U.S. Congress and executives at Fannie Mae as it lobbied to scuttle legislation that would have diminished its sale of sub-prime mortgages, according to a report released today by House Oversight and Government Reform Committee Chairman Darrell Issa.

Congress Seen Defeating Purpose of New Mortgage Disclosure Law

U.S. voters ought to be able to find out this week about the home mortgages of their senators and representatives, information required under a congressional ethics law enacted this year.

Fannie Mae Conservator Sued by Pension Funds Over Recovery Limit

A pension fund investors group sued Fannie Mae’s conservator over a rule that could limit their recovery for damages stemming from securities fraud.

Orszag Weighing Obama's Appeal to Stay On as White House Budget Director

White House Budget Director Peter Orszag was poised to become the first member of Barack Obama’s Cabinet to leave, as early as this summer. Then came an appeal from the president insisting that he reconsider.

Fannie Mae Ex-CEO Mudd May Face Claims in SEC Subprime Loans Investigation

Daniel Mudd , the former head of Fannie Mae , became the latest target in a probe by U.S. regulators of whether financial institutions were honest with investors about their exposure to subprime loans.

"The job is very interesting because it touches all aspects of the government, but it can also be grueling."

- Franklin Raines on Apr 21, 2010

Fannie Mae

Washington

Federal Housing Finance Agency

Euro Weakens as Draghi Open to Negative Deposit Rate

Ex-Diamondback Manager Gets 4 1/2 Years in Insider Case

Americans Most Upbeat in Five Years as Firings Slow: Economy

China’s Cyberspires Outwit Model for Bond’s Q

U.S. Demands North Korea Free American Given Hard Labor