"A substantial percentage of the GSEs’ recent earnings and the subsequent dividend paid to Treasury was a result of decreasing loan-loss reserves,” said Tim Rood, a former Fannie Mae (FNMA) executive and now managing director at Collingwood Group LLC, a financial services consulting firm based in Washington. “If the new accounting standard being imposed on them stopped or slowed the release of those reserves, it would have a direct and negative effect on the amount of dividend payments.” bloomberg/news/2013-08-19/fannie-mae-and-freddie-mac-said-to-avoid-billions-in-write-offs.html
Posted on: Tue, 20 Aug 2013 23:55:08 +0000
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