The Office of Federal Housing Enterprise Oversight Director James Lockhart today announced the issuance of three Consent Orders dealing with former Fannie Mae CEO Franklin Raines, former CFO J. Timothy Howard and former Controller Leanne Spencer.

According to a release from OFHEO, the orders require certain actions by these three individuals as well as settles OFHEO’s administrative enforcement actions against them. The enforcement actions were based on events related to the accounting and internal control problems at Fannie Mae uncovered by OFHEO and detailed in two Special Examination Reports.

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