© 2026
A Public Service of Santa Fe Community College
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Our Spring Fund Drive is May 11th thru May 17th — but if you’d like to get a head-start in helping us — you can click here! Any amount, no matter how small, will help. Thank you.

Fannie Mae's CEO, CFO Step Down

NPR | By Jack Speer
Published December 20, 2004 at 10:00 PM MST

Fannie Mae's Franklin Raines retires as CEO, and Timothy Howard resigns as CFO of the mortgage giant. This comes a few weeks after the Securities and Exchange Commission told Fannie Mae to restate its earnings, which could force the company to record a loss of as much as $9 billion. Hear NPR's Jack Speer.

Copyright 2004 NPR
NPR News
Jack Speer
Jack Speer is a newscaster at NPR in Washington, DC. In this role he reports, writes, edits, and produces live hourly updates which air during NPR programming.