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CompareCC News Archive Listing for Personal Finance during 2005-11-10.
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Fannie Mae Gets CFO, Confirms Restatement
 
AP - Mortgage giant Fannie Mae said Thursday that it has hired the chief financial officer of MCI Inc. to help it 'rebuild and renew' following an accounting scandal and confirmed it will have to restate earnings by some $11 billion. Its shares fell more than 2 percent.
Intra-family lending from every angle
 
Reuters - Here's a problem that has an obvious, simple solution: The children want to buy a house, but with home prices and mortgage rates going higher, they can't seem to amass the downpayment and qualify for a decent mortgage at the same time.
Fannie Mae extends accounting probe
 
Reuters - Mortgage finance giant Fannie Mae , whose accounting problems are expected to result in a multibillion-dollar profit restatement, on Thursday said its investigation now included an assessment of accounting for insurance policies.
Fannie Mae says more errors found
 
Reuters - Mortgage finance giant Fannie Mae on Thursday said it had found new accounting errors while probing a multibillion-dollar scandal and named the man who helped rebuild MCI Inc.'s accounting department its new finance chief.
Fannie Mae Discloses New Accounting Errors
 
AP - Embattled mortgage giant Fannie Mae said Thursday that it has hired the chief financial officer of MCI Inc. to help it 'rebuild and renew,' as it disclosed new accounting errors and confirmed it will have to restate earnings by some $11 billion. Its shares fell more than 2 percent.

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