At the tail end of last year, Franklin Raines, chairman and CEO of Fannie Mae, announced an "early retirement." The news followed months of allegations by the Office of Federal Housing Enterprise Oversight OFHEO that Fannie Mae had been cooking its books. When the Securities and Exchange Commission--which Raines had...
Franklin D. Raines recently moved into the White House to become budget director, the highest executive post ever held by a Black man at 1700 Pennsylvania Avenue. The 47-year-old Raines, who formerly served as vice chairman of the Federal National Mortgage Association Fannie Mae, is considered one of...
WASHINGTON -- Carl Brooks, President, Executive Leadership Council, issued the following statement, Thursday, December 23, 2004, on behalf of Executive Leadership Council member Franklin Raines, former CEO of Fannie Mae.
Franklin Raines has survived another round of scrutiny at Fannie Mae--but not without concessions as the nation's largest source of financing for home mortgages has its accounting practices investigated. In an October congressional hearing, CEO Raines deflected allegations made by the Office of Federal Housing Enterprise Oversight OFHEO that his...
WASHINGTON, Dec. 29 /U.S. Newswire/ -- Peter Flaherty, president of the National Legal and Policy Center, today expressed surprise and disgust at the current attempt by fired Fannie Mae Chairman and CEO Franklin Raines to walk away with millions of dollarWASHINGTON, Dec. 29 /U.S. Newswire/ -- Peter Flaherty, president of...
WASHINGTON, Dec. 23 /U.S. Newswire/ -- Carl Brooks, president, Executive Leadership Council, issued the following statement, Thursday, Dec. 23, on behalf of Executive Leadership Council member Franklin Raines, former CEO of Fannie Mae. WASHINGTON, Dec. 23 /U.S. Newswire/ -- Carl Brooks, president, Executive Leadership Council, issued the following statement, Thursday,...
In December 2004, the board of the Federal National Mortgage Association Fannie Mae, a financial company of great importance in the U.S. economy, asked CEO Franklin Raines and CFO Timothy Howard to step down. The departure of the two executives followedIn December 2004, the board of the Federal National Mortgage...
Franklin Raines, CEO of Fannie Mae, took the opportunity of his speech before the 125th ABA Annual Convention to introduce a new initiative designed to help banks, as well as Fannie Mae itself, meet their Community Reinvestment Act requirements. Franklin Raines, CEO of Fannie...
Former Fannie Mae Chief Executive Franklin Raines and two top lieutenants were charged with fraud in a civil suit filed last week by federal regulators in connection with the multi-billion dollar accounting scandal that has roiled the secondary mortgage m Former Fannie Mae Chief Executive Franklin Raines and two top...
00-00-0000 AS WHITE HOUSE STAFF CHIEF Erskine Bowles' end-of-the-year departure draws nearer, speculation over his replacement grows. Franklin Raines, director of the Office of Management & Budget, was ... 00-00-0000 AS WHITE HOUSE STAFF CHIEF Erskine Bowles' end-of-the-year departure draws nearer, speculation over...
Fannie Mae's board of directors convened an emergency meeting Thursday afternoon to discuss an earnings restatement and the possible dismissal of CEO Franklin Raines, according to two sources familiar with the meeting. The meeting, which a Fannie Mae spokeswoman could not confirm, comes less than a day after the...
Dec 22, 2004 (The Australian - ABIX via COMTEX) In the US, Federal National Mortgage Association Fannie Mae has dismissed its two top executives. Embattled CEO Franklin Raines and chief financial officer Timothy Howard were held responsible for accounting blunders that could reduce the...
