An Alternative ‘Core Earnings’ Measure Could Have Saved Fannie Mae from its Current Accounting Woes
March 10, 2006
Fannie Mae would have tolerated more volatility in earnings – and avoided the accounting mess it’s in – had it known in advance how readily the market would accept the company’s “core earnings” in lieu of a more volatile GAAP measure, a new report on the government-sponsored enterprise’s accounting scandal has revealed. …
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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