© 2025 254 North Front Street, Suite 300, Wilmington, NC 28401 | 910.343.1640
News Classical 91.3 Wilmington 92.7 Wilmington 96.7 Southport
Donate
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Classical HQR’s signal at 92-7 FM is off the air. We are working on diagnosing the exact cause of the issue and will move as quickly as possible to get it repaired, but we are hoping to have it fixed by next week. Classical is on air at 96.7fm in Southport, on HD2 and streaming on all devices. We apologize for the inconvenience.

Fannie Mae's CEO, CFO Step Down

By Jack Speer
Published December 21, 2004 at 12:00 AM EST

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
Tags
NPR NewsAll Things Considered
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.