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Strategies & Market Trends : Aardvark Adventures

DAVE 230.93

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12:10 PM EST

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To: ~digs who wrote (47)	4/1/2004 12:21:01 PM
From: ~digs	Read Replies (3) of 7944

FNM -- Update-- The Bloomberg story apparently is based on a statement issued by the OFHEO Director regarding the FNM accounting review: "OFHEO's investigation of Fannie Mae's accounting policies and practices is proceeding with a broad review of all accounting matters but has also been intensely focused on several specific issues. One involves Fannie Mae's accounting for impairments. Our review of this particular matter, while not concluded, has led to concerns that Fannie Mae may not have applied the proper accounting guidance in this area. This could affect not only the company's manufactured housing portfolio but other assets as well. The impact of this possible misapplication of GAAP on Fannie Mae's financial statements is under examination." FNM @ 73.87 -0.48 -0.65% 1.28M 12:19pm 200 day EMA = critical on daily chart stockcharts.com[w,a]daclyiay[pc40!c200!f][vc60][iut!Ul14!Uk14]&pref=G

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