OFHEO Forced To Turn Over Fannie Mae Documents

Law360, New York (November 8, 2006, 12:00 AM EST) -- A federal judge has ordered the Office of Federal Housing Enterprise Oversight to cough up documents related to two former Fannie Mae executives who directed the company amid accounting misdeeds totaling $10.6 billion.

On Monday, U.S. District Court Judge Richard Leon ruled that Fannie Mae’s top regulator must deliver a slew of nonprivileged documents requested in four monthly installments, starting on Dec. 12.

In May, the agency and the U.S. Securities and Exchange Commission penalized Fannie Mae with a $400 million fine for its accounting errors...
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