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Freddie Mac, Fannie Mae Could be Forced to Raise Billions Under New Accounting Rules

knowmoremedia.com » 2008 » July » 7th » Freddie Mac, Fannie Mae Could be Forced to Raise Billions Under New Accounting Rules

Tagged: business news, fnm, fre, freddie mac, fannie mae, lehman brothers, accounting rules, financial accounting standards board, fannie mae freddie mac mortgage model, mortgage buyers, us mortgage model, guaranteed debt

If analysts at Lehman Brothers are right, the pending change to a Financial Accounting Standards Board rule could end up with the two companies having to raise billions of dollars to comply with the change. As far as the rule itself is concerned, it would require the companies to return off-balance sheet items onto the books again. Assuming this was to hold, Fannie Mae (NYSE: FNM) would have to … Continue Reading »

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