Freddie Mac's Accounting Restatement

Freddie Mac's Accounting Restatement PDF

Author: United States. Congress

Publisher: Createspace Independent Publishing Platform

Published: 2018-02-13

Total Pages: 56

ISBN-13: 9781985324145

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Freddie Mac's accounting restatement : are accounting standards working? : hearing before the Subcommittee on Commerce, Trade, and Consumer Protection of the Committee on Energy and Commerce, House of Representatives, One Hundred Eighth Congress, second session, January 28, 2004.

Not All Freddie Mac and Fannie Mae Accounting is Comparable, Even After Their Restatements

Not All Freddie Mac and Fannie Mae Accounting is Comparable, Even After Their Restatements PDF

Author: Craig Emrick

Publisher:

Published: 2007

Total Pages: 16

ISBN-13:

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There are differences in how Freddie Mac's and Fannie Mae's accounting regimes account for their mortgage guarantee activity - an important part of their business. This diversity results from the accounting choices provided by the relevant, complex accounting guidance as well as differences in the interpretation of this guidance. Also, the use of trust structures to hold mortgages underlying guaranteed mortgage-backed securities (Fannie Mae uses these trust structures; Freddie Mac does not) creates some accounting diversity. However, differences in the organization and arrangement of the GSEs' guarantee activities, including the use or non-use of a trust structure, does not have any credit effects on investors in these securities that we can determine, and is not a differentiating factor from a rating perspective between the two GSEs.

Special Examination of Freddie Mac

Special Examination of Freddie Mac PDF

Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises

Publisher:

Published: 2004

Total Pages: 260

ISBN-13:

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