A Coming Nightmare of Homeownership?

Comments on problems at Fannie Mae, the nation's biggest mortgage provider, and their implications for the U.S. economy, financial markets, interest rates and housing. Disclosure of evidence of widespread accounting improprieties by regulators; Possible impact on foreign investors, who have bought much of the company's debt; Views of analysts; How Fannie Mae's problems could work against the Federal Reserve Board as it moves to keep inflation in check by raising interest rates; Possible impact on the next significant economic slump; The company's status as a government-sponsored enterprise; Ways that the company will have to change; History and overview of the company; Focus of the company on homeownership for all; Possible implications for borrowers; Outlook. INSET: Growing Risk.