Fannie Mae

Director Falcon testified about the Office of Federal Housing Enterprise Oversight supplemental agreement with the Fannie Mae board of… read more

Director Falcon testified about the Office of Federal Housing Enterprise Oversight supplemental agreement with the Fannie Mae board of directors. He answered questions about his interim report on accounting and management failures at the home mortgage company Fannie Mae and made recommendations. 

Among other changes, the agreement requires separation of the positions of chairman of the board of directors and the chief executive officer, as well as the implementation of controls surrounding account ledger entries. The agreement also requires Fannie Mae, if necessary, to restate earnings relating to newly reviewed accounting standards. 

Mr. Falcon is resigning in May 2005. close

People in this video

  • Armando Falcon Director Department of Housing and Urban Development->Office of Fed. Housing Enterprise Oversight
  • Joe Baca U.S. Representative [D] California
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Fannie Mae

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Program ID:
186188-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
Apr 6, 2005
Last Aired:
Apr 8, 2005

Airing Details

  • Apr 06, 2005 | 8:55pm EDT | C-SPAN 3
  • Apr 06, 2005 | 10:11pm EDT | C-SPAN 2
  • Apr 07, 2005 | 1:31am EDT | C-SPAN 2
  • Apr 07, 2005 | 6:05am EDT | C-SPAN 2
  • Apr 08, 2005 | 11:04am EDT | C-SPAN 2
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Fannie Mae

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