OFHEO.gov - "OFHEO, SEC REACH SETTLEMENT WITH FANNIE MAE; PENALTY IMPOSED" (5-23-06)

OFHEO.gov - "OFHEO REPORT: FANNIE MAE FAÇADE - Fannie Mae Criticized for Earnings Manipulation" (5-23-06)

CNN.com - "Fannie Mae fined $400 million" (5-23-06)

Regulator cites 'arrogant and unethical' culture that led employees to lie about earnings; recommends review of current management.

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.