Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (199986)	10/24/2002 3:03:07 PM
From: ild	Respond to of 436258

Fannie, Freddie Reclassify Mtge Assets In Accounting Change ... WASHINGTON -(Dow Jones)- Mortgage finance company Fannie Mae reclassified $135 billion in mortgage assets last month in an accounting change that enhanced the company's reported shareholder equity by roughly $4 billion - without actually adding more capital to the books. Freddie Mac said in its third-quarter earnings report Wednesday that it also recategorized $75 billion of its own mortgage portfolio. Both companies took advantage of an accounting rule that allowed them to reclassify a combined $210 billion in mortgage securities from a hold-to-maturity status to available- for-sale during the third quarter. .... biz.yahoo.com