Buy custom Fannie Mae Fraud
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Topic: |
Business
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Number of pages / Number of words: |
6 / 1502 |
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There were four main accounting manipulations used in the Fannie Mae fraud. The first was improper accounting for loan fees, premiums, and discounts, which requires companies to recognize loan fees, premiums, and discounts as an adjustment over the life of the applicable loans, to create a constant effective yield, stated under the SFAS No...
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91. The SFAS No. 91 also requires that any changes to the amortization of the fees, premiums, and discounts should be recognized as a gain or loss in the income statement, which Fannie Mae referred to as the âcatch-up adjustment.â Fannie Mae had $439 million catch-up adjustments, but they only reported a $240 million catch-up adjustment in the income statement, which was directed by management...
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General points of the essay
Loan Modification
Accounting Fraud
Accounting,Fraud
Fannie Mae Fraud
Fannie Mae ? Stock Performance Analysis
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Fannie Mae
Mortgage Loan
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rights fees in sport
The Collapse Of Fannie Mae And Freddie Mac
The Fannie Scandal
The Profitability Of Insurance Premiums In Managed Care Plans
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Java Mortgage Loan
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