Articles Tagged with ''Chairman and CEO''

Centex: Orders Down 24 Percent, Loss Expected

According to preliminary results announced this morning, Centex Corporation is feeling the crunch in U.S. housing markets. For the quarter ended Dec. 31, 2006, the company had 8,360 home closings, a decrease of 12 percent from the prior year. New orders for the quarter were 6,139, a decrease of 24 percent. "We are navigating through one of the most challenging housing environments in the past 25 years," said Tim Eller, Centex chairman and CEO.
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Former Fannie Execs Charged, Face 101 Counts of Misconduct

The Office of Federal Housing Enterprise Oversight (OFHEO) announced that it has filed charges containing 101 counts of misconduct against three former Fannie Mae executives, former Chairman and CEO Franklin D. Raines, former Vice Chairman and Chief Financial Officer J. Timothy Howard, and former Senior Vice President and Controller Leanne G. Spencer. According to a statement issued by OFHEO, remedies sought will include civil money penalties that could exceed $100 million, disgorgement of bonuses totaling over $115 million, loss of indemnification, and debarment from participating in Enterprise affairs.
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