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Teetering, Fannie Mae misses deadline to file report

Mortgage giant Fannie Mae missed a regulatory deadline Monday for filing its third-quarter financial results after its independent auditor KPMG refused to sign off on the report.

The government-sponsored company, recently cited by regulators in the Office of Federal Housing Enterprise Oversight for serious accounting problems and accused of earnings manipulation, notified the Securities and Exchange Commission that it would not file the third-quarter report on time.