Fannie Mae case

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Title: Fannie Mae case

Essay Details:

Subject: Business

Author: Christopher M

Date: July 17, 2016

Level: University

Grade: B

Length: 5 / 1321

Essay text:

This company operates in the residential mortgage finance industry. It facilitates the flow of mortgage capital to increase the availability of homeownership for low, moderate, and middle-income Americans. Its lender customers are part of the primary mortgage market, where mortgages are originated and funds are loaned to borrowers. Fannie Mae's accounting came under scrutiny because last year regulators found it had violated accounting rules on the treatment of derivatives used to hedge interest-rate risks. Fannie is struggling to shore up capital depleted by losses on derivatives. Fannie was $4...

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