Fannie Provides 10-K Target Dates

Fannie Mae will issue its 2005 annual 10-K financial report in August and its 2006 annual report by the end of this year, according to the mortgage company's chief financial officer.CFO Robert Blakely made the announcement during a presentation at a Credit Suisse financial services forum. The new guidance indicates that the government-sponsored enterprise is making more progress in correcting its accounting systems. Fannie Mae vice president Thomas Lund told the investors that market fundamentals have become very positive for the GSE because it stayed away from the subprime market and other risky products. Mr. Lund said he expects Fannie's mortgage securitization business to achieve steady growth and increased market share. "We are confident in our ability to grow faster than the market," he said.