US OTC
Federal National Mortgage Association
Mortgage GSE that manipulated hedge accounting and loan loss provisions to smooth earnings and maximize executive bonuses.
CORPORATE IDENTIFIERS & DOSSIER
- Entity Name: Federal National Mortgage Association
- Country of Domicile: US
- Listing & Ticker: OTC (FNMA).
- CIK / LEI Identifier: 0000310522.
- Industry Classification: SIC 6111.
- Enforcement Episodes: 1 primary case dossier(s) in this library.
PRIMARY ENFORCEMENT CASES INVOLVING FEDERAL NATIONAL MORTGAGE ASSOCIATION
1 CASE DOSSIERS| Case Title | Status | Primary Scheme | Overstatement | Total Penalties | Action Date |
|---|---|---|---|---|---|
| Fannie Mae: Loan-Loss Reserve Manipulation to Trigger Executive Payouts | Settled, neither admitted nor denied | allowance manipulation | $6.3B | $400.0M | September 20, 2010 |