California Mortgage News
Wednesday, March 22, 2006
Fannie Mae Saga Continues As Rudman Report Is
Fannie Mae Saga Continues As Rudman Report Is Issued
The long awaited independent accounting report on Fannie Mae was released late last month, and while it sort of absolves Franklin Raines, former Chairman and CEO of the mega-mortgage company who, along with Timothy Howard the CFO lost his job at the height of the scandal, it comes down pretty hard on Howard. Interestingly, we did not find one mention of the accounting firm of KPMG which was also fired from its position of independent auditor, in the report's Executive Summary.

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Covering the mortgage and real estate market in California. Find information on real estate, mortgage vendors and mortgage brokers.

Name: Brian DeSpain
Location: Las Vegas, New Mexico, United States

Writer, open source geek and general rastabout.

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