Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Wednesday, April 11, 2007

Internal Controls at Fannie and Freddie Not Fixed Yet

Fannie Mae and Freddie Mac "remain a significant supervisory concern" because of their difficulties in fix their weak financial controls systems, the Office of Federal Housing Enterprise Oversight reported to Congress.  Both companies have been working on restating their financial statements, and neither has yet been able to file current 10 Q reports.  See WPost, Freddie, Fannie a 'Concern' To OFHEO.

http://lawprofessors.typepad.com/securities/2007/04/internal_contro.html

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