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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While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
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The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
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Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
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Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
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