Rudman: 'Supplemental' Fannie Report Possible

Former U.S. Sen. Warren Rudman, who is spearheading an internal investigation into Fannie Mae's accounting scandal, says his report will be ready "sometime" in January but that there might be "supplemental" reports filed as well.In an interview with MortgageWire, Mr. Rudman, a partner at Paul, Weiss, Rifkind, said the investigation has become so prolonged because his investigators needed to review more than 2 million documents. He said a supplemental report might deal with new information that is unearthed toward the end of the probe. "There's always that possibility," he said. (For more details, see the Dec. 19 issue of National Mortgage News.)