The former chief executive of Fannie Mae, Franklin Raines, used the company’s foundation to compromise the independence of six current board members at the mortgage-finance corporation, according to a ...
Former Fannie Mae Chief Executive Franklin Raines lost an effort to bar the company's regulator from ruling on an $84 million lawsuit against him stemming from years of accounting errors at the ...
THE PAYOUT Franklin Raines, Fannie Mae's former CEO, will get a $1.3 million pension for life, plus benefits, even though he was forced to retire. AT ISSUE Federal regulators want to examine the ...