Other Added
#1 in Business Subscribe Email Print

You are here: Home > News and Society > Economics > Record Retention for Fannie and Freddie

Tags

  • check
  • commission
  • breaches
  • records useful
  • maximize executive
  • barely scratching

  • Links

  • Getting a Woman's Phone Number
  • Ireland - The Unique Racecourse With The Very Soft Going
  • Mortgage Refinancing: Lock-in Your Interest Rate
  • Other Added - Record Retention for Fannie and Freddie

    Grow Your Own Profits
    With a large portion of the world going organic, it is no wonder than more and more people each day are jumping on the bad wagon. Yes the world has gone organic, from organic vegetables to organic fruits and there is a
    port on Fannie Mae's accounting errors.

    "ORHEO's examination of Fannie Mae revealed breaches of propriety and judgment so deplorable in nature and pervasive in reach that it's almost as if we were barely scratching the surface," said Rep. Richard Baker (R-L

    Christopher Columbus: Just What Did He Do In 1492?
    Is there an historical figure about whom so much acclaim and controversy has enveloped as Christopher Columbus? I recall the lessons that came with the approach of Columbus Day each October when I was in grammar school
    Regulators are demanding that Fannie Mae and Freddie Mac retain all records to allow regulators a peek at accounting any time, said the Office of Federal Housing Enterprise Oversight on Wednesday.

    OFHEO said that Fannie and Freddie should maintain "complete and accurate" records that can be immediately accessed by regulators for an on-demand check of the books.

    Last week, OFHEO and the Securities and Exchange Commission fined Fannie Mae $400 million for mishandling company accounting in order to maximize executive bonuses. Freddie Mac has been plagued by an accounting scandal of its own and is just now getting its financial reporting in order.

    "Under the proposal, the enterprises will have an obligation to maintain and promptly produce records useful in regulatory examinations and other proceedings," said OFHEO Director James Lockhart. The proposal will have a 60-day comment period.

    Separately, a House Financial Services subcommittee announced on Wednesday that Lockhart will testify on June 6 regarding OFHEO's report on Fannie Mae's accounting errors.

    "ORHEO's examination of Fannie Mae revealed breaches of propriety and judgment so deplorable in nature and pervasive in reach that it's almost as if we were barely scratching the surface," said Rep. Richard Baker (R-L

    Do You Need A Company To Consolidate Your Debt?
    Once you’ve made the decision to take action to reduce your personal debt, the next step is a solid debt reduction plan. For some, that plan rests upon using the services of a debt consolidation company. But, do you ne
    and accurate" records that can be immediately accessed by regulators for an on-demand check of the books.

    Last week, OFHEO and the Securities and Exchange Commission fined Fannie Mae $400 million for mishandling company accounting in order to maximize executive bonuses. Freddie Mac has been plagued by an accounting scandal of its own and is just now getting its financial reporting in order.

    "Under the proposal, the enterprises will have an obligation to maintain and promptly produce records useful in regulatory examinations and other proceedings," said OFHEO Director James Lockhart. The proposal will have a 60-day comment period.

    Separately, a House Financial Services subcommittee announced on Wednesday that Lockhart will testify on June 6 regarding OFHEO's report on Fannie Mae's accounting errors.

    "ORHEO's examination of Fannie Mae revealed breaches of propriety and judgment so deplorable in nature and pervasive in reach that it's almost as if we were barely scratching the surface," said Rep. Richard Baker (R-L

    Cold Calling and Charting Progress
    If you are in sales cold calling is a great way to get sales appointments and quickly weed thru those who are interested and excited about what you are selling and those who are not interested.Some people believ
    utive bonuses. Freddie Mac has been plagued by an accounting scandal of its own and is just now getting its financial reporting in order.

    "Under the proposal, the enterprises will have an obligation to maintain and promptly produce records useful in regulatory examinations and other proceedings," said OFHEO Director James Lockhart. The proposal will have a 60-day comment period.

    Separately, a House Financial Services subcommittee announced on Wednesday that Lockhart will testify on June 6 regarding OFHEO's report on Fannie Mae's accounting errors.

    "ORHEO's examination of Fannie Mae revealed breaches of propriety and judgment so deplorable in nature and pervasive in reach that it's almost as if we were barely scratching the surface," said Rep. Richard Baker (R-L

    Making Money On The Net - Really
    Throughout the web, you will find hundreds of business opportunities. From selling coffee to selling cars, you'll find hundreds of things that you have the opportunity to get into to make money. Yet, it is sad to repor
    ory examinations and other proceedings," said OFHEO Director James Lockhart. The proposal will have a 60-day comment period.

    Separately, a House Financial Services subcommittee announced on Wednesday that Lockhart will testify on June 6 regarding OFHEO's report on Fannie Mae's accounting errors.

    "ORHEO's examination of Fannie Mae revealed breaches of propriety and judgment so deplorable in nature and pervasive in reach that it's almost as if we were barely scratching the surface," said Rep. Richard Baker (R-L

    Hood River, Oregon - One of the Best Places for Outdoor Lovers to Live in the United States
    Nestled in the heart of the 292,500-acre Columbia River Gorge National Scenic Area, along a wide river lined with 4,000-foot cliffs, lies the small, friendly town of Hood River, Oregon. This spot’s boundless recreation
    port on Fannie Mae's accounting errors.

    "ORHEO's examination of Fannie Mae revealed breaches of propriety and judgment so deplorable in nature and pervasive in reach that it's almost as if we were barely scratching the surface," said Rep. Richard Baker (R-LA). Baker hopes that the report will lead to tightened legislation for the two companies.

    Fannie Mae and Freddie Mac are government sponsored agencies that buy mortgages with the purpose of freeing lending capital for banks and mortgage firms. They then repackage the mortgages for sale as securities.

    The House has passed legislation to create a new regulator for Fannie and Freddie, which is waiting Senate approval.

    HTTP = HTML link (for blogs, profiles,phorums):
    <a href="http://www.otheradded.com/article/189860/otheradded-Record-Retention-for-Fannie-and-Freddie.html">Record Retention for Fannie and Freddie</a>

    BB link (for phorums):
    [url=http://www.otheradded.com/article/189860/otheradded-Record-Retention-for-Fannie-and-Freddie.html]Record Retention for Fannie and Freddie[/url]

    Related Articles:

    How to Start a Paper Shredding Business

    Life Insurance: How The New Regulations Affect Policies Written In Trust

    MLM Training - Prevent Your Prospect From Taking Control With This Technique

    Bookmark it: del.icio.us digg.com reddit.com netvouz.com google.com yahoo.com technorati.com furl.net bloglines.com socialdust.com ma.gnolia.com newsvine.com slashdot.org simpy.com shadows.com blinklist.com