Former Fannie Mae Execs Consent to Multi-Million Dollar Penalties

The Office of Federal Housing Enterprise Oversight has reached a notable settlement with three of Fannie Mae's former executives. The settlement, announced late Friday, will end enforcement actions against the three officers arising out of accounting and internal control problems at the two government sponsored enterprises (GSEs) in 2004. The Consent Order requires that Mr. Raines pay Fannie Mae a total of $24.7 million... Read More Now