The government-sponsored company said Monday it will release earnings reports for the first three quarters of the year on Friday -- making it current for the first time since 2004.

Fannie Mae cautioned, however, that given the time, effort and complexity involved in preparing the financial statements, and ongoing changes in the mortgage market, "there is no assurance" that it will file the reports on that day.

Washington-based Fannie Mae, which is the largest U.S. buyer and guarantor of home mortgages and the second-largest U.S. financial institution after Citigroup Inc., last Friday filed its first proxy statement since April 2004. It has scheduled an annual shareholders meeting for Dec. 14, its first since May 2004.

The accounting crisis that came to light in September 2004 brought the ouster of the company's top executives, tarnished its reputation, and prompted federal regulators to fine it and impose restraints on its operations and debt load.

Fannie Mae's profits dropped to $4.1 billion, or $3.65 a share, in 2006 from $6.35 billion, or $6.01 a share, in 2005. The earnings were eroded by reductions in interest income and ballooning costs from Fannie Mae's massive reworking of its accounting, as well as steeper credit losses from the decline in home prices -- especially in parts of the Midwest.

The company has said it expects higher delinquencies and credit losses this year from the turbulence in the mortgage market.

Fannie Mae and Freddie Mac, its smaller government-sponsored sibling, were created by Congress to make home ownership affordable for low- and middle-income people. The companies pump money into the nearly $11 trillion home-loan market by buying blocks of mortgages from lenders and then packaging them into securities for sale on Wall Street.

Fannie Mae: http://www.fanniemae.com