Freddie Mac said yesterday that it had understated its earnings by nearly $5 billion over more than three years, ending an 11-month review of the company’s accounting that led to resignations by prominent executives and...
Read MoreThe Securities and Exchange Commission’s top accountant last night told mortgage funding giant Fannie Mae that it should correct its past accounting, a directive that could erase 38 percent of the profit the government-sponsored company...
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