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Freddie Mac, Fannie Mae probe expands  UPI - Nov 07 11:05 PM< class=yschabstr>New York's attorney general has subpoenaed Fannie Mae and Freddie Mac in a growing probe of "widespread" collusion between real estate appraisers and lenders.

N.Y. serves subpoenas on Fannie Mae, Freddie Mac  Miami Herald - Nov 08 4:36 AM< class=yschabstr>New York Attorney General Andrew Cuomo said Wednesday that he has issued subpoenas to government-sponsored lenders Fannie Mae and Freddie Mac in his investigation into what he claims are conflicts of interest in the mortgage industry.

Cuomo sends subpoenas to Freddie Mac, Fannie Mae  Reuters via Yahoo! News - Nov 07 10:05 AM< class=yschabstr> New York Attorney General Andrew Cuomo said on Wednesday that his office had sent subpoenas to Fannie Mae and Freddie Mac related to a probe of the home mortgage industry.

Fannie Mae, Freddie Mac eyed in NY mortgage probe  Reuters via Yahoo! News - Nov 07 6:25 AM< class=yschabstr> New York Attorney General Andrew Cuomo plans to announce a "significant new development" on Wednesday in his probe into the mortgage industry involving Fannie Mae and Freddie Mac , his office said.

NY attorney general probes Fannie Mae, Freddie Mac  bizjournals.com via Yahoo! Finance - Nov 07 11:13 AM< class=yschabstr> New York Attorney General Andrew Cuomo said on Wednesday that his office has sent subpoenas to mortgage finance companies Fannie Mae and Freddie Mac seeking information on loans that the two companies purchased from banks, including Washington Mutual Inc.

Fannie Mae Buys $7.1B Credit Facility Formerly Secured by Archstone-Smith Properties  Multi-Housing News - 2 hours, 7 minutes ago< class=yschabstr>Washington, D.C.--Fannie Mae announced that the company has purchased a $7.1-billion credit facility from Lehman Brothers that is secured by a portfolio of 105 multifamily properties.

Freddie Mac, Fannie Mae probe expands  Moldova.org - Nov 08 4:27 AM< class=yschabstr>New York's attorney general has subpoenaed Fannie Mae and Freddie Mac in a growing probe of "widespread" collusion between real estate appraisers and lenders. Andrew Cuomo alleges the collusion may have led some loans to have been based on fraudulently inflated appraisals. Cuomo said he has uncovered a pattern of collusion between lenders and appraisers. "We believe it is widespread, it is ...

Cuomo Widens Investigation to Fannie Mae, Freddie Mac (Update3)  Bloomberg.com - Nov 07 8:40 AM< class=yschabstr>Nov. 7 (Bloomberg) -- New York Attorney General Andrew Cuomo expanded his investigation of the mortgage industry to include Fannie Mae and Freddie Mac, the two biggest U.S. providers of mortgage financing.

Cuomo Subpoenas Fannie Mae, Freddie Mac, on Washington Mutual  Bloomberg.com - Nov 07 9:42 AM< class=yschabstr>Nov. 7 (Bloomberg) -- New York Attorney General Andrew Cuomo subpoenaed Fannie Mae and Freddie Mac, the two biggest U.S. providers of mortgage financing, seeking information on loans they bought from banks including Washington Mutual Inc.

N.Y. appraisal probe hits Fannie Mae, Freddie Mac  Pioneer Press - Nov 07 10:04 PM< class=yschabstr>ALBANY, N.Y. - New York Attorney General Andrew Cuomo's subpoenas to government-sponsored lenders Fannie Mae and Freddie Mac sent another shock into the home mortgage industry where he said conflicts of interests are costing consumers thousands of dollars because of inflated appraisals.







































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Jaco Birthday 2006 - Fannie Mae
Jaco Pastorius birthday party 2006 at Alligator Alley in Oakland Park, Fla. Kilmo, Eddy Balzola, Kenwood Dennard, Holly Spillane, John Yarling.







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Shane Pruitt Band playing "Fannie Mae" at Sonny's







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The Shane Pruitt Band performing "Fannie Mae" at the Front Porch Coffee bar in Saluda, NC.



















Metasearch
metasearch: Fannie Mae Home Page
Since 1968, Fannie Mae has helped more than 55 million families achieve the American Dream of homeownership. Fannie Mae's corporate Web site is available at ...
www.fanniemae.com/


Homepath
Welcome to Fannie Mae's For Home Buyers & Homeowners section. This section offers content, tools, and resources -- all in one convenient portal.
www.fanniemae.com/homebuyers/homepath/index.jhtml


Fannie Mae Foundation
A comprehensive news and information resource for the affordable housing and community development field. Powered by Fannie Mae Foundation.
www.fanniemaefoundation.org/


News results for Fannie Mae

Boston Globe
Cuomo Hits Fannie Mae, Freddie Mac With Subpoeanas - 19 hours ago
The New York attorney general subpoenaed mortgage finance giants Fannie Mae and Freddie Mac as he sought to expand his housing industry investigation by ...
Washington Post


Resources: Fannie Mae-Owned Property Search
The Fannie Mae-Owned Property Search retrieves REO foreclosed properties for sale. Users select the state along with the city, zip code, price range, ...
www.mortgagecontent.net/reoSearchApplication/fanniemae/reoSearch.jsp


: How Much House Can You Afford?
Disclaimer: Fannie Mae does not prequalify borrowers, but we do provide tools such as this calculator that may help you on the path to homeownership. ...
www.mortgagecontent.net/scApplication/fanniemae/affordability.do


Federal National Mortgage Association - Wikipedia, the free ...
In 1968, to help balance the federal budget, Fannie Mae was converted into a ... Fannie Mae securities carry no government guarantee of being repaid. ...
en.wikipedia.org/wiki/Fannie_Mae


eFannieMae.com Web Site Home Page
www.efanniemae.com/


Single-Family Forms
1095, Fannie Mae Property Preservation Request for Repair ... 2001-2007 Fannie Mae. All Rights Reserved. Visit our corporate site, www.fanniemae.com.
www.efanniemae.com/sf/formsdocs/forms/index.jsp


Homebuyingguides
Developed by Fannie Mae Foundation, these guides deliver practical, specific and concise information in a user-friendly format, and are a great complement ...
www.nw.org/network/training/homeownership/homebuyingguides.asp














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Fannie Mae
Type
Public
Founded
1938
Location
Washington, DC
call=Infobox_Company/key_people
1=1=Daniel Mudd, Vice Chairman, Interim Chief Exec. Officer, Exec. VP

}}


call=Infobox_Company/industry
1=1=Credit Services

}}


call=Infobox_Company/products
1=1=Financial Services

}}


call=Infobox_Company/revenue
1=1=$53.8 billion (2003)

}}


call=Infobox_Company/operating_income
1=1=

}}


call=Infobox_Company/net_income
1=1=

}}


call=Infobox_Company/num_employees
1=1=5,055

}}


call=Infobox_Company/homepage
1=1=www.fanniemae.com

}}



The federal government of the United States created the Federal National Mortgage Association (FNMA) (NYSE: FNM), commonly known as Fannie Mae, in 1938 to establish a secondary market for mortgages insured by the Federal Housing Administration (FHA). Fannie Mae buys mortgages on the secondary market, pools them and sells them as mortgage-backed securities to investors on the open market. This secondary mortgage market helps to replenish the supply of lendable money for mortgages and ensures that money continues to be available for new home purchases.


Contents



  • 1 History

  • 2 Business

  • 3 Conforming loans

  • 4 Financials

  • 5 Duration gap

  • 6 Accounting scandal

  • 7 Management

  • 8 Analysts

  • 9 Conference calls

  • 10 Awards

  • 11 See also

    • 11.1 People

    • 11.2 Companies



  • 12 External links

    • 12.1 Data

    • 12.2 Articles

    • 12.3 Criticism







History


In 1968, the Federal National Mortgage Association was partitioned into two separate entities—one wholly owned by the government and known as the Government National Mortgage Association (Ginnie Mae), and the other to retain the name Federal National Mortgage Association (Fannie Mae). At this time Fannie Mae expanded its charter to buying other sorts of mortgages besides the government insured ones it had traditionally purchased.


Business


Fannie Mae is a consistently profitable American corporation. While it receives no direct government funding or backing it has certain looser restrictions placed on its activities than normal financial institutions. For example, it is allowed to sell mortgage backed securities with half the capital backing them up than is required by other financial institutions. Critics, including Alan Greenspan, say that this is only allowed because investors seem to think that there is a hidden, or implied, guarantee to the bonds that Fannie Mae sells ([1]). Although the company describes them as having no guarantee, nevertheless the vast majority of investors believe that the Government would prevent them from defaulting on their debt, and so buy bonds that are very low interest rates compared to the risk.

The largest mortgage originator in the United States is Countrywide Financial, which is an almost exclusive Fannie Mae partner, although they have sold small amounts to GSE competitors. Their "loan production" during 2003 was $434.9 billion, of which most was sold to Fannie Mae.

While Mortgage Originators can securitize and sell the mortgages themselves, GSEs can leverage their balance sheet further, receive lower rates on both assets and liabilities, and has a record of packaging and selling mortgages with greater success.


Conforming loans


Because of its stake in the mortgage market and because of its history, Fannie Mae (along with Freddie Mac) sets the limit each year on the size of a conforming loan based on the October to October changes in mean home price, above which a mortgage is considered a jumbo loan, and has higher rates associated with it. This is because both Fannie Mae and Freddie Mac only buy loans that are conforming, to repackage into the secondary market, making the demand for non-conforming loans much less. By virtue of the laws of supply and demand, then, it is harder for lenders to sell the loans, thus it would cost more to the consumers (typically 1/4 to 1/2 of a percent.) The conforming loan limit is 50 percent higher in Alaska, Hawaii, Guam and the US Virgin Islands.


Financials


FNMA is a financial corporation which uses derivatives to "hedge" their cash flow. Derivative products they use include interest rate swaps and options to enter interest rate swaps ("pay-fixed swaps", "receive-fixed swaps", "basis swaps", "caps and swaptions, "forward starting swaps"). Here's a guide through some of its financials and accounting.


  • Article about its accounting: Barron's: Fannie Mae faces more income issues - Banks - Financial - Real Estate - Financial Services - General

  • SEC filings: SEC - Company Information SEC EDGAR - 10-K 2003 (EDGAR Online) (FNM: SEC Filings for FANNIE MAE - Yahoo! Finance) (Investor Relations: SEC Filings)

"transfer negative numbers to its balance sheet under "accumulated other comprehensive income," or AOCI." (Page 123 - "Balance Sheets" - "Stockholders? Equity" - "Accumulated other comprehensive loss") ([2])

"2002 earnings of $6.4 billion would have been overwhelmed by $8.9 billion in cash-flow hedging losses." (Page 124 - "Accumulated Other Comprehensive Income (Loss)" - "Net cash flow hedging losses on derivatives hedging debt").

"$3 billion in losses that were recognized in 2002-2003" (Page 122 - "Statements of Income" - "Other expenses" - "Debt extinguishments, net").

"$19 billion paid to settle underwater interest-rate swaps in those years." (Page 125 - "Cash-Flows" - "Cash flows from (used in) financing activities" - "Net payments to purchase or settle hedge instruments").

"interest rate swaps on its books rose from $23 billion in 2002 to $149 billion in 2003." (Page 79 - Table 30 "Cash flow hedges" - "Receive-fixed swaps").

"exclude its AOCI numbers from the calculations of capital" (Page 158 - "Core capital" is "Stockholders' Equity" excluding AOCI).


Duration gap


Main aricle: duration gap


  • UPDATE - Fannie Mae average duration gap widens in April

"The company said that in April its average duration gap widened to plus 3 months in April from zero in March." "The Washington-based company aims to keep its duration gap between minus 6 months to plus 6 months. From September 2003 to March, the gap has run between plus to minus one month."


  • 17-May-04 8-K Regulation FD Disclosure
  • Effective Duration Gap (months)
    • July 2003: 6
    • April 2004: 3


  • Hussman Funds - Freight Trains and Steep Curves

"last summer's 5-month ?duration mismatch? cost Fannie nearly a year of earnings."


Accounting scandal


In late 2004, Fannie Mae was under investigation for its accounting practices. The Office of Federal Housing Enterprise Oversight released this September 17, 2004 report alleging widespread accounting errors, including shifting of losses so senior executives could earn bonuses from making earnings targets. The difficulty centered around how to account for various interest rate hedges Fannie Mae buys as part of its risk management strategy. When Fannie Mae did not release its third quarter results for 2004, doubts increased.

Supporters of the company, including senior management, said the problem was merely a disagreement over FASB accounting standards, but in December, the U.S. Securities and Exchange Commission ruled that Fannie Mae would have to restate the past 3 1/2 years of earnings, potentially losing $9 billion of earnings over that timeframe, and possibly necessitating increased capitalization.

This has not yet impacted the stock price for Fannie Mae, but Moody's and Standard & Poor's have downgraded Fannie Mae's subordinate debt. Given the large percentage of the American economy that is tied up in housing values, a major scandal involving Fannie Mae could be highly damaging to investor confidence. However, Freddie Mac was able to overcome its summer 2003 scandal without serious damage.

On December 21, 2004, CEO Franklin Raines and CFO Timothy Howard were forced to resign. The company also dismissed its auditor, KPMG.

In testimony given to the U.S. Senate Banking Committee April 19-21, 2005, it became clear that Congress, with support from all the parties, was planning to strengthen oversight of all the GSEs. A contentious issue in the second quarter of 2005 was whether the retained portfolios of Fannie and Freddie should be reduced. This issue became prominent after an April 26, 2005 AEI symposium, and continued to gain ground leading up to Alan Greenspan's major May 19, 2005 speech recommending strict portfolio limits.


Management


  • Chairman: Stephen B. Ashley
  • CEO: Daniel H. (Dan) Mudd
  • CFO: Robert J. (Rob) Levin

Analysts


  • Moshe Orenbuch (Credit Suisse First Boston)
  • Robert Napoli (Piper Jaffray)
  • Paul Miller (Friedman, Billings, Ramsey & Co.)
  • Matthew Park (A. G. Edwards & Sons, Inc.)
  • Bradley Ball (Prudential Financial)

Conference calls


  • July 21, 2004 - 2nd Quarter 2004 (presentation) (audio)

Awards


Fannie Mae received a 71% rating in the 2004 Corporate Equality Index by the Human Rights Campaign. Additionally, the company gave a $50,000 grant to the anti-LGBT organization Traditional Values Coalition in 2001 to "to train church leaders to provide homeownership education in the Greater Los Angeles area."

Fannie Mae was named one of the 100 Best Companies for Working Mothers in 2004 by Working Mothers magazine.


See also


  • Cash-flow hedging
  • Commercial lenders
  • Derivative (finance)
  • Government sponsored enterprise (GSE)
  • Mortgage GSE controversy
  • Interest rate swap
  • Mortgage
  • Real estate
  • Secondary mortgage market
  • Securitization
  • EMortgage

People


  • Franklin Raines

Companies


  • Sallie Mae
  • Farmer Mac
  • Freddie Mac
  • Ginnie Mae

External links


  • Fannie Mae homepage

Data


  • Yahoo! - Fannie Mae Company Profile
  • FNM: Summary for FANNIE MAE - Yahoo! Finance

Articles


  • Fannie Mae whistle-blower feels vindicated by SEC decision - USA Today 12/17
  • Barron's: Fannie Mae faces more income issues - Banks - Financial - Real Estate - Financial Services - General

Criticism


The links below are highly critical views on U.S. national mortgage policy. (Wikipedia:POV)


  • Where is the Collateral?
  • FHA, HUD & the Mortgage Market Bubble
  • The Housing GSEs (American Enterprise Institute)de:Fannie Mae


Search Term: "Federal_National_Mortgage_Association"









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Malaysia announces money market tenders - Dec 19  Reuters via Yahoo! Malaysia News - 41 minutes ago< class=yschabstr>KUALA LUMPUR, Dec 19 - For details, please go to Bank Negara's Web site at https://fast.bnm.gov.my/fastweb/public/MainPage.do

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Tiscali launches IPTV in Italy  Telecom.paper - Dec 11 7:00 AM< class=yschabstr>(TP) Tiscali has launched its IPTV service in Italy. Tiscali TV will initially be available in Milan, Rome and Cagliari and gradually rolled out in the rest of Italy next year. To win over new customers, Tiscali is offering the TV service free to subscribers until the end of March. The service is a combination of IPTV and DTT, including video-on-demand, time shifting and an electronic programme ...

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FastWeb The best way to search for scholarships and fellowships is to use a personalized search, like the FastWeb scholarship search, that compares your ...
www.finaid.org/scholarships/


FinAid! Financial Aid, College Scholarships and Student Loans
Want step-by-step advice? Get FastWeb College Gold. ... for college? Use FastWeb's Free Scholarship Search. Sponsor of FinAid.org Citibank Student Loans ...
www.finaid.org/


FASTWeb Signup
About FASTWeb · Product Showcase · Join FASTWeb · Security Policy · Member Login · Contact Us · Signup!
fastweb.firstam.com/


First American - FASTWeb
FASTWeb, First American' s flexible electronic ordering and delivery system, utilizes the accessibility of the Internet to send transactions and orders, ...
www.firstam.com/content.cfm?id=6946


FASTWEB - Company Information - Home - [ Translate this page ]
fastweb, il principale operatore alternativo nel settore delle telecomunicazioni su rete fissa a banda larga in Italia.
company.fastweb.it/


fastweb
fastweb.monster.com/ib/spikessa-1f


Step-By-Step Guide to Paying for College at FastWeb's College Gold
Explore the site to learn more about FastWeb’s College Gold and access interactive tools, calculators, and resources to help you plan and prepare for paying ...
www.collegegold.com/


Finding Scholarships at FastWeb's College Gold
Scholarships are a source of money for college that does not need to be repaid. Many scholarships are merit-based, with recipients selected based on ...
www.collegegold.com/scholarships


FASTWEB - Wikipedia, the free encyclopedia
FASTWEB is an Italian Network address translation based broadband telecommunications company. It provides voice, Internet and television via Dsl and FTTH ...
en.wikipedia.org/wiki/FASTWEB


FASTWEB - Portale - [ Translate this page ]
Offre connessioni internet su fibra ottica e ADSL, TV on-demand e Videocomunicazione.
www.fastweb.it/


Case study: Fastweb
File Format: PDF/Adobe Acrobat - View as HTML
Your browser may not have a PDF reader available. Google recommends visiting our text version of this document.
FastWeb has complemented its fibre optic network with ADSL access. ... FastWeb’s ‘people’ policies – as the company likes to call what are traditionally ...
www.eurofound.europa.eu/ emcc/publications/2005/ef0567enC5.pdf


fastweb.inel.gov/
Similar pages



Amazon.com: FastWeb College Gold: The Step-by-Step Guide to Paying ...
Amazon.com: FastWeb College Gold: The Step-by-Step Guide to Paying for College: Books: Mark Kantrowitz,Doug Hardy by Mark Kantrowitz,Doug Hardy.
www.amazon.com/ FastWeb-College-Gold-Step-Step/dp/0061129585


Search for Scholarships with FastWeb!
Recommended by over 15500 high schools and 3500 colleges, FastWeb is the nation's largest, most accurate, and most frequently updated scholarship database ...
www.smuggl.us/ index.html?q=aHR0cDovL3d3dy5mYXN0d2ViLmNvbS9pYi9ob21lcGFnZWMtMWY%3D


mocoNews.net - Unhealthily Obsessed with Mobile Content - Italy’s ...
Italian broadband provider Fastweb has struck a deal with 3 Italia to launch a new MVNO, which it plans to unveil in the second half of 2008. ...
www.moconews.net/entry/ 419-italys-fastweb-strikes-3-deal-to-offer-mvno1/


Medicine, Medical School - College Scholarships, Graduate ...
Financial aid for university students in medicine, dentistry, pharmacy, optometry, ophthalmology, veterinary science, and other human health and medicine ...
scholarships.fatomei.com/medicine.html
















Metadomain
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metawiki





FASTWEB is an Italian Network address translation based broadband telecommunications company. It provides voice, Internet and television via Dsl and FTTH connection. The IPTV service was developed by Fastweb themselves as the technology market in 2000 was not mature enough to offer the level of sophistication required to deploy and manage a premium service. Fastweb rapidly became the leading reference worldwide for how to create and build IPTV services, employing a mixture of own developed middleware and Set Top Box software with commercially available video on demand technology from the likes of BitBandand Kasenna.

From 2001 to 2004 Fastweb was the official shirt sponsor for the Italian Serie A club Juventus.


In May 2007, the Swiss telecommunications company Swisscom acquired 82.4% of the shares of Fastweb for 3 billion euros.[1] Fastweb shall remain a distinct operative entity.








Contents




  • 1 TV di Fastweb

    • 1.1 Fastweb TV Channels

      • 1.1.1 HDTV Channels





  • 2 References

  • 3 External links





TV di Fastweb


TV di Fastweb is Fastweb's cable television and IPTV service. Its major stuffs are the On Demand channels (a total of 15) and an advanced interactive service, available thanks to the Videostation, the decoder TV di Fastweb gives to its subriscribers.


The TV di Fastweb service is available also without subscribing any telephone or ADSL offer since September 2007.



Fastweb TV Channels


This is the list of channels broadcasted on cable and IPTV by TV di Fastweb.



  • All Music

  • Music Box

  • Bloomberg Tv

  • Rai News 24

  • Rai Sport Sat

  • Cartoon Network

  • CNN International

  • BBC World

  • MTV Music

  • ESPN Classic

  • Discovery Channel

  • Replay Tv

  • FastGame

  • FastKids



  • ONtv Calcio & Sport

  • ONtv Fiction

  • ONtv Ragazzi

  • ONtv Musica

  • ONtv Spettacoli

  • ONtv Sapere

  • ONtv Film

  • Rai Click Oggi

  • Rai Click Fiction

  • Rai Click Cinema

  • Rai Click Junior

  • Rai Click News e Sport

  • Rai Click Culture

  • Rai Click Spettacolo

  • Cartoon Network On Demand

  • ESPN On Demand



HDTV Channels



  • Next HD

  • Sky Cinema HD (provided by SKY Italia)

  • Sky Sport HD 1 (provided by SKY Italia)

  • Sky Sport HD 2 (provided by SKY Italia)



References



  1. ^ Press release of May 15, 2007: Swisscom's bid for Fastweb was successful



External links



  • Fastweb

  • BitBand Technologies - Provider of video delivery solutions for broadband IP networks

  • Kasenna -Provider of Video on Demand Server Technology









































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FASB launches webcasts on IFRS  Accountancy Age - Dec 17 1:21 AM< class=yschabstr>The US Financial Accounting Standards Board (FASB) will be offering live webcasts free of charge to give viewers a chance to email questions about issues such as the transition to the International Financial Reporting Standards (IFRS) to panelists during the event, starting on January 8.

FASB LAUNCHES WEBCAST ON IFRS  Accounting Education - Dec 14 9:06 AM< class=yschabstr>The Financial Accounting Standards Board (FASB) has announced the launch of a series of periodic webcasts focusing on topics of importance to its constituents.

CORRECTED:U.S. accounting rule maker to propose overhaul-report  Reuters via Yahoo! News - Dec 18 7:52 AM< class=yschabstr> Corrects first paragraph to show that proposal to be made by the Financial Accounting Foundation not the Financial

Overhaul Proposed in Accounting Standards Board  NYTimes.com via Yahoo! Finance - 19 minutes ago< class=yschabstr> The body that decides who will set accounting rules in the United States plans on Tuesday to propose changes aimed at enabling the Financial Accounting Standards Board to act faster.

U.S. accounting rule maker to propose overhaul: report  Reuters via Yahoo! News - Dec 18 2:53 AM< class=yschabstr> The Financial Accounting Standards Board, which sets U.S. accounting rules, plans to propose on Tuesday an overhaul which would allow the board to act faster and boost the power of its chairman, the New York Times reported on Tuesday.

UPDATE:SEC OKs $144.6 Million Accounting Oversight Board '08 Budget  Nasdaq - Dec 18 10:14 AM< class=yschabstr>(Updated with additional information, starting in fourth paragraph.) WASHINGTON -(Dow Jones)- The Securities and Exchange Commission voted 3-1 Tuesday to approve a 6% increase for the Public Company Accounting Oversight Board 2008 budget, bringing it to $144.6 million.

CORRECTED:U.S. accounting rule maker to propose overhaul-report  Reuters - Dec 18 8:04 AM< class=yschabstr>Corrects first paragraph to show that proposal to be made by the Financial Accounting Foundation not the Financial Accounting Standards Board; adds new third paragraph with background on the FAF and edits second and fourth paragraphs to conform.

Charles H. Green: How American Management Practices are Damaging American Business  HuffingtonPost - Dec 18 1:52 PM< class=yschabstr>Anyone who believes in perfect market theory need only look at daily management behaviors to find their disproof.

CORRECTED:U.S. accounting rule maker to propose overhaul-report  KPLC Lake Charles - Dec 18 8:10 AM< class=yschabstr> Corrects first paragraph to show that proposal to be made by the Financial Accounting Foundation not the Financial Accounting Standards Board; adds new third paragraph with background...

SEC Set To Consider '08 Oversight-Board Budget; Pay An Issue  Nasdaq - Dec 17 3:29 PM< class=yschabstr>WASHINGTON -(Dow Jones)- Salary increases for Public Company Accounting Oversight Board members could be an issue when the Securities and Exchange Commission meets Tuesday to consider the oversight board's budget.







































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Metasearch
metasearch: FASB: Financial Accounting Standards Board
The designated private sector organization in the US that establishes financial accounting and reporting standards. FASB standards are recognized as ...
www.fasb.org/


FASB: FASB Statements and Concepts Statements—Full Text, Summary ...
The Pronouncements and EITF Abstracts accessible below are not intended to replace existing research products available from the FASB and its licensed ...
www.fasb.org/st/


financial accounting standards board
accounting.rutgers.edu/raw/fasb/


Financial Accounting Standards Board - Wikipedia, the free ...
The Financial Accounting Standards Board (FASB) is a private, not-for-profit organization whose primary purpose is to develop generally accepted accounting ...
en.wikipedia.org/wiki/Financial_ Accounting_Standards_Board


List of FASB Pronouncements - Wikipedia, the free encyclopedia
This article is a list of Financial Accounting Standards Board (FASB) pronouncements, including Statements, Concepts Statements, Interpretations, ...
en.wikipedia.org/wiki/List_of_FASB_Pronouncements


FASB Publications Ordering System
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fasbpubs.stores.yahoo.net/


FASB Publications Ordering System Privacy Policy
Your FASB transaction is strictly confidential. The FASB may occasionally send email notices to its customers to inform them of new products, services, ...
fasbpubs.stores.yahoo.net/privacypolicy.html


FASB US GAAP Financial Accounting Standards Board
FASB_USGAAP overview - profile, activities, services, address, specialities, geographic work area, books, links.
www.valuebasedmanagement.net/organizations_fasb.html


FASEB
The figures in the following presentation are offered as an introduction to the major sources of nationally representative data on education and employment ...
opa.faseb.org/pages/PolicyIssues/training_datappt.htm


The Non_Profit Resource Center - FASB - 117
An accounting resource for non-profit organizations.
www.1800net.com/nprc/fasb117.html


Financial Accounting Standards Board (FASB)
Financial Accounting Standards Board (FASB) - Definition of Financial Accounting Standards Board (FASB) on Investopedia - A seven-member independent board ...
www.investopedia.com/terms/f/fasb.asp


IAS Plus International Accounting Standards: European Commission
Since 1973, the Financial Accounting Standards Board (FASB) has been the ... Click for information about the Joint IASB-FASB Short-term Convergence Project. ...
www.iasplus.com/restruct/restfasb.htm


FASB
glossary definition of management term FASB, Financial Accounting Standards Board.
management.about.com/cs/adminaccounting/g/fasb.htm


FASB sees its future as part of IASB - Accountancy Age
FASB will become the US branch of IASB if its chairman had his way.
www.accountancyage.com/accountancyage/ news/2205261/fasb-sees-future-part-iasb


CPA Journal - December 1998
FASB has been criticized by various parties almost since its inception more than 25 years ago. However, it has operated under an especially intense climate ...
www.nysscpa.org/cpajournal/ 1998/1298/Departments/D531298.html


Financial Accounting Standards Board Pronouncement for Lease ...
In 1976 FASB issued FASB 13. This historical moment began the ... FASB 13 states that there are two classifications of leases for lessees and four ...
executivecaliber.ws/sys-tmpl/fasb13/


FASB - Faculdade do Sul da Bahia - [ Translate this page ]
Grande participação de público no II Fórum de Recursos Humanos da Fasb · Fasb divulga vestibular no show da Banda Roupa Nova ...
www.ffassis.edu.br/


FASB Rule Spawns a Second Bottom Line - Accounting - CFO.com
The new standard kicks minority-interest equity out of the mezzanine, changing what makes up net income.
www.cfo.com/article.cfm/10274330?f=most_read


SEC Used Budget to Strong-arm FASB - FASB - CFO.com
The SEC held up approval of FASB's budget for four-and-a-half months until the accounting standards-setter agreed to give the regulator more say over the ...
www.cfo.com/article.cfm/8959118














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Financial Accounting Standards Board
Founded1973
HeadquartersNorwalk, Connecticut
SloganServing the investment public through transparent information resulting from high-quality financial reporting standards, developed in an independent, private-sector, open due process.
Websitefasb.org

The Financial Accounting Standards Board (FASB) is a private, not-for-profit organization whose primary purpose is to develop generally accepted accounting principles (GAAP) within the United States in the public's interest. The Securities and Exchange Commission (SEC) designated the FASB as the organization responsible for setting accounting standards for public companies in the U.S. It was created in 1973, replacing the Accounting Principles Board and the Committee on Accounting Procedure of the American Institute of Certified Public Accountants. The FASB's mission is "to establish and improve standards of financial accounting and reporting for the guidance and education of the public, including issuers, auditors, and users of financial information."








Contents




  • 1 Description

  • 2 FASB pronouncements

  • 3 See also

    • 3.1 Current issues

    • 3.2 Related Associations



  • 4 External links





Description


The FASB is not a governmental body. The SEC has statutory authority to establish financial accounting and reporting standards for publicly held companies under the Securities Exchange Act of 1934. Throughout its history, however, the Commission’s policy has been to rely on the private sector for this function to the extent that the private sector demonstrates ability to fulfill the responsibility in the public interest.citation needed]


The FASB is part of a structure that is independent of all other business and professional organizations. Before the present structure was created, financial accounting and reporting standards were established first by the Committee on Accounting Procedure of the American Institute of Certified Public Accountants (1936–1959) and then by the Accounting Principles Board, also a part of the AICPA (1959–73). Pronouncements of those predecessor bodies remain in force unless amended or superseded by the FASB.


The FASB is subject to oversight by the Financial Accounting Foundation (FAF), which selects the members of the FASB and GASB and funds both organizations. The Board of Trustees of the FAF, in turn, is selected in part by a group of organizations including:



  • American Accounting Association

  • American Institute of Certified Public Accountants

  • CFA Institute

  • Financial Executives International

  • Government Finance Officers Association

  • Institute of Management Accountants

  • National Association of State Auditors, Comptrollers and Treasurers

  • Securities Industry Association


The FASB is in the middle of a convergence project with the International Accounting Standards Board to make it easier for companies to report financial statements on an international level, so that separate financial statements are not needed for U.S. and international markets. As part of the convergence project, the FASB has started transitioning from the principle of historical cost to fair value.citation needed]



FASB pronouncements




Main article: List of FASB Pronouncements



In order to establish accounting principles, the FASB issues pronouncements publicly, each addressing general or specific accounting issues. These pronouncements are:



  • Statements of Financial Accounting Standards

  • Statements of Financial Accounting Concepts

  • FASB Interpretations

  • FASB Technical Bulletins

  • EITF Abstracts



See also



  • FASB Interpretation Number (FIN)

  • International Public Sector Accounting Standards

  • International Financial Reporting Standards

  • FASB 133



Current issues



  • Pooling of interests (Links to the IAS rules on pooling, which are not the same as FASB's)

  • Stock option expensing



Related Associations



  • International Accounting Standards Board



External links



  • FASB Official Website

  • Lawrence A. Cunningham, Private Standards in Public Law (Article on FASB's Policy of Copyrighting and Selling its Materials Despite Being Funded by Public Company Fees), Michigan Law Review (2005)







Search Term: "Financial_Accounting_Standards_Board"









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Malaysia announces money market tenders - Dec 19  Reuters via Yahoo! Malaysia News - 41 minutes ago< class=yschabstr>KUALA LUMPUR, Dec 19 - For details, please go to Bank Negara's Web site at https://fast.bnm.gov.my/fastweb/public/MainPage.do

Next Stop for Europe's Broadband Market: Quadruple Play  TechNewsWorld.com - Dec 17 5:09 AM< class=yschabstr>The European broadband market is growing rapidly. At the end of Q2 2007, there were close to 100 million broadband subscribers in Europe. DSL remains the dominant access technology, with over 80 percent of the market share. Nordic countries remain the leaders in broadband penetration, with penetration rates exceeding or approaching 30 percent.

Regulator in Italy nearing Telecom Italia decision  International Herald Tribune - Dec 12 12:10 PM< class=yschabstr>The company, which dominates the Italian retail and wholesale fixed-line markets, is being pushed to give other companies equal access to its network.

Malaysia sells 10-yr govt bond at avg 4.211 pct  Reuters via Yahoo! Malaysia News - Dec 12 9:48 PM< class=yschabstr>KUALA LUMPUR, Dec 13 - Malaysia has sold 3.5 billion ringgit of 10-year government bonds at an average yield of 4.211 percent, the central bank said on Thursday.

OpenTV and Sky Italia Extend Partnership  PR Newswire via Yahoo! Finance - Dec 13 5:30 AM< class=yschabstr> OpenTV Corp. , a leading provider of solutions for the delivery of advanced television and cross-platform interactive services, announced today that Sky Italia has entered into a multi-year renewal of its middleware license agreement with OpenTV.

FastWeb signs MVNO deal with 3 Italia  Telecom.paper - Dec 07 12:31 AM< class=yschabstr>(TP) Italian fixed operator Fastweb has signed a mobile virtual network operator agreement with Italian mobile operator 3 Italia. The agreement will enable Fastweb to offer mobile telephone services including voice, data and video to residential and business clients. Fastweb will compete on the mobile telephony market with its own range of convergent services such as high-speed internet access, ...

Preparing for College Part 1: Area students discuss the next academic step  Council Bluffs Daily Nonpareil - Dec 11 8:48 AM< class=yschabstr>- Editor's note: This is the first in a three-part series on college preparation. Chris Schultz will push, prod and encourage the seniors at Abraham Lincoln High School to attend college.

Get a Deep Insight into the World Broadband Market  Business Wire via Yahoo!7 Finance - Dec 10 11:00 PM< class=yschabstr>Reportlinker.com announces that a new market research report related to the Broadband industry is available in its catalogue.

Tiscali launches IPTV in Italy  Telecom.paper - Dec 11 7:00 AM< class=yschabstr>(TP) Tiscali has launched its IPTV service in Italy. Tiscali TV will initially be available in Milan, Rome and Cagliari and gradually rolled out in the rest of Italy next year. To win over new customers, Tiscali is offering the TV service free to subscribers until the end of March. The service is a combination of IPTV and DTT, including video-on-demand, time shifting and an electronic programme ...

FastWeb Strikes MVNO Deal  Unstrung.com - Dec 06 3:34 AM< class=yschabstr>MILAN, Italy -- FASTWEB S.p.A (Milano, MTAX: FWB - message board ), Italy's leading alternative fixed broadband telecommunications provider, has signed a mobile virtual network operator agreement with 3 Italia, the mobile media company which is leader in UMTS telecommunications in Italy with 7.7 million clients and which is part of the Hutchison Whampoa Group.







































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Metasearch
metasearch: FastWeb: Scholarships, Financial Aid and Colleges
The scholarship search service now has a college directory and links to online college applications.
www.fastweb.com/


FastWeb: Account Creation
Find college financial aid, conduct a scholarship search with our scholarship search engine, and get the money you need to pay for college at FastWeb.
www.fastweb.com/fastweb/register/start


FastWeb Login
Please enter your login name and password that you requested with your application to FASTWeb. If you do not have a FASTWeb account, you may apply for one. ...
https://fwprodweb1.firstam.com/fastweb/fwlogin.asp


FinAid | Scholarships
FastWeb The best way to search for scholarships and fellowships is to use a personalized search, like the FastWeb scholarship search, that compares your ...
www.finaid.org/scholarships/


FinAid! Financial Aid, College Scholarships and Student Loans
Want step-by-step advice? Get FastWeb College Gold. ... for college? Use FastWeb's Free Scholarship Search. Sponsor of FinAid.org Citibank Student Loans ...
www.finaid.org/


FASTWeb Signup
About FASTWeb · Product Showcase · Join FASTWeb · Security Policy · Member Login · Contact Us · Signup!
fastweb.firstam.com/


First American - FASTWeb
FASTWeb, First American' s flexible electronic ordering and delivery system, utilizes the accessibility of the Internet to send transactions and orders, ...
www.firstam.com/content.cfm?id=6946


FASTWEB - Company Information - Home - [ Translate this page ]
fastweb, il principale operatore alternativo nel settore delle telecomunicazioni su rete fissa a banda larga in Italia.
company.fastweb.it/


fastweb
fastweb.monster.com/ib/spikessa-1f


Step-By-Step Guide to Paying for College at FastWeb's College Gold
Explore the site to learn more about FastWeb’s College Gold and access interactive tools, calculators, and resources to help you plan and prepare for paying ...
www.collegegold.com/


Finding Scholarships at FastWeb's College Gold
Scholarships are a source of money for college that does not need to be repaid. Many scholarships are merit-based, with recipients selected based on ...
www.collegegold.com/scholarships


FASTWEB - Wikipedia, the free encyclopedia
FASTWEB is an Italian Network address translation based broadband telecommunications company. It provides voice, Internet and television via Dsl and FTTH ...
en.wikipedia.org/wiki/FASTWEB


FASTWEB - Portale - [ Translate this page ]
Offre connessioni internet su fibra ottica e ADSL, TV on-demand e Videocomunicazione.
www.fastweb.it/


Case study: Fastweb
File Format: PDF/Adobe Acrobat - View as HTML
Your browser may not have a PDF reader available. Google recommends visiting our text version of this document.
FastWeb has complemented its fibre optic network with ADSL access. ... FastWeb’s ‘people’ policies – as the company likes to call what are traditionally ...
www.eurofound.europa.eu/ emcc/publications/2005/ef0567enC5.pdf


fastweb.inel.gov/
Similar pages



Amazon.com: FastWeb College Gold: The Step-by-Step Guide to Paying ...
Amazon.com: FastWeb College Gold: The Step-by-Step Guide to Paying for College: Books: Mark Kantrowitz,Doug Hardy by Mark Kantrowitz,Doug Hardy.
www.amazon.com/ FastWeb-College-Gold-Step-Step/dp/0061129585


Search for Scholarships with FastWeb!
Recommended by over 15500 high schools and 3500 colleges, FastWeb is the nation's largest, most accurate, and most frequently updated scholarship database ...
www.smuggl.us/ index.html?q=aHR0cDovL3d3dy5mYXN0d2ViLmNvbS9pYi9ob21lcGFnZWMtMWY%3D


mocoNews.net - Unhealthily Obsessed with Mobile Content - Italy’s ...
Italian broadband provider Fastweb has struck a deal with 3 Italia to launch a new MVNO, which it plans to unveil in the second half of 2008. ...
www.moconews.net/entry/ 419-italys-fastweb-strikes-3-deal-to-offer-mvno1/


Medicine, Medical School - College Scholarships, Graduate ...
Financial aid for university students in medicine, dentistry, pharmacy, optometry, ophthalmology, veterinary science, and other human health and medicine ...
scholarships.fatomei.com/medicine.html
















Metadomain
metadomain: blogger



























Metatopsearch
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metatopsearch2: fastweb scholarships
metatopsearch3: first american title fastweb
metatopsearch4: fattura fastweb
metatopsearch5: free scholarship searches fastweb
metatopsearch6: fastweb scholarship search










































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metawiki





FASTWEB is an Italian Network address translation based broadband telecommunications company. It provides voice, Internet and television via Dsl and FTTH connection. The IPTV service was developed by Fastweb themselves as the technology market in 2000 was not mature enough to offer the level of sophistication required to deploy and manage a premium service. Fastweb rapidly became the leading reference worldwide for how to create and build IPTV services, employing a mixture of own developed middleware and Set Top Box software with commercially available video on demand technology from the likes of BitBandand Kasenna.

From 2001 to 2004 Fastweb was the official shirt sponsor for the Italian Serie A club Juventus.


In May 2007, the Swiss telecommunications company Swisscom acquired 82.4% of the shares of Fastweb for 3 billion euros.[1] Fastweb shall remain a distinct operative entity.








Contents




  • 1 TV di Fastweb

    • 1.1 Fastweb TV Channels

      • 1.1.1 HDTV Channels





  • 2 References

  • 3 External links





TV di Fastweb


TV di Fastweb is Fastweb's cable television and IPTV service. Its major stuffs are the On Demand channels (a total of 15) and an advanced interactive service, available thanks to the Videostation, the decoder TV di Fastweb gives to its subriscribers.


The TV di Fastweb service is available also without subscribing any telephone or ADSL offer since September 2007.



Fastweb TV Channels


This is the list of channels broadcasted on cable and IPTV by TV di Fastweb.



  • All Music

  • Music Box

  • Bloomberg Tv

  • Rai News 24

  • Rai Sport Sat

  • Cartoon Network

  • CNN International

  • BBC World

  • MTV Music

  • ESPN Classic

  • Discovery Channel

  • Replay Tv

  • FastGame

  • FastKids



  • ONtv Calcio & Sport

  • ONtv Fiction

  • ONtv Ragazzi

  • ONtv Musica

  • ONtv Spettacoli

  • ONtv Sapere

  • ONtv Film

  • Rai Click Oggi

  • Rai Click Fiction

  • Rai Click Cinema

  • Rai Click Junior

  • Rai Click News e Sport

  • Rai Click Culture

  • Rai Click Spettacolo

  • Cartoon Network On Demand

  • ESPN On Demand



HDTV Channels



  • Next HD

  • Sky Cinema HD (provided by SKY Italia)

  • Sky Sport HD 1 (provided by SKY Italia)

  • Sky Sport HD 2 (provided by SKY Italia)



References



  1. ^ Press release of May 15, 2007: Swisscom's bid for Fastweb was successful



External links



  • Fastweb

  • BitBand Technologies - Provider of video delivery solutions for broadband IP networks

  • Kasenna -Provider of Video on Demand Server Technology









































Search Term: "FASTWEB"