Already planning to restate at least $10.8 billion in earnings, Fannie Mae said it has uncovered more accounting errors relating to insurance, tax credits and investments, though the mortgage lender didn't say whether the mistakes will affect the restatement.

Fannie Mae also announced its filings with the Securities and Exchange Commission will be delayed for a fifth quarter to correct financial reports dating back to 2001.

The company said the latest errors are related to incorrect calculations for Low Income Tax Credit investments affecting the timing of recognition of losses. The company also said less significant errors had been made in accounting for investments in three synthetic fuel partnerships.

Fannie Mae and Freddie Mac are the two largest buyers of home loans and own or guarantee almost half the $7.6 trillion U.S. mortgage market. The government-chartered companies make their money on the difference between the mortgage returns they buy from lenders and their financing costs.Both companies have been embroiled in investigations into their accounting practice for more than a year and Congress has been debating a measure to create a new regulator to oversee the companies with the power to limit the ir portfolios, increase capital standards and oversee new product offerings.

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