Fannie Mae has announced that it plans to file its 2006 annual 10-K financial report on Aug. 16.The government-sponsored enterprise said it will host a conference call for the investment community at 1 p.m. EDT on that date. Several Fannie executives, including Daniel H. Mudd, president and chief executive officer of the company, and chief financial officer Robert T. Blakely, are scheduled to discuss the filing with analysts and investors during the call. Fannie Mae also announced the filing of a Form 12b-25 with the Securities and Exchange Commission to report that it will not timely file its Form 10-Q report for the second quarter. The mortgage giant has not filed a timely quarterly financial report since the second quarter of 2004, before an accounting scandal came to light later that year. Fannie Mae can be found online at http://www.fanniemae.com.
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HUD must complete 124 actions to implement the new housing law, with roughly half due within a year. Here's what's changing for lenders and borrowers.
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