Edna D.

Fordham
11107 Doubleday Lane
Manassas, VA 20109
Phone: (571)606-1364
Email: Atlfordham@hotmail.com
_____________________________________________________________________________________________

Fax Sent to: (202) 225-3974 from Edna Fordham (703)439-2816

April 18, 2011
The Honorable Darrell E. Issa
Chairman of the House Committee on Oversight and Government Reform
2157 Rayburn House Office Building
Washington, DC 20515
Dear Chairman Issa:
My name is Edna Fordham and I am a former employee of Fannie Mae who worked with the
Sarbanes-Oxley Management Program between the period May 2006 through April 2009.
The purpose of this letter is to provide additional pieces to the puzzle to establish that during the
period FHFA was without an Inspector General, Fannie Mae exploited this vulnerability and
continued to commit fraud.
I am writing to request an immediate congressional investigation into the activities of Fannie
Mae. I believe there is an abundance of evidence that establishes Fannie Mae blocked
investigations into its activities while continuing to commit fraud against shareholders and
taxpayers.
I have personally devoted approximately three and a half years reporting concerns to appropriate
authorities as outlined by the Sarbanes-Oxley Act but to no avail. As you will note in the
following attachments, many of the referenced investigative bodies response continued to reflect
the status quo.
Congressman Issa, as Chairman of the Oversight and Government Reform Committee, you have
aggressively pursued an agenda that has focused on transparency and government accountability.
We share similar goals regarding Fannie Mae. It is important for investors and taxpayers to
understand the critical role Fannie Maes own Sarbanes-Oxley Compliance Program played in
suppressing material disclosures in SEC filings which contributed to the financial collapse of
Fannie Mae.
Chairman Issa, I welcome the opportunity to meet with you briefly to discuss my concerns
further. I have substantial documentary evidence to support the facts I am alleging and it is my
goal that a congressional investigation is immediately launched.
Please find attached an internal audit report issued December 19, 2008 which clearly indicates
the failure of the Collateral Management Hedge accounting system which could not account for
$308 billion dollars of eligible assets needed for income and investment purposes.