Fannie, Freddie CEO pay gets regulator nod, can I a pay package Nod???

By
Real Estate Appraiser

Fannie, Freddie CEO pay gets regulator nod: report

 

Reuters
  • Wed Dec 23, 11:50 pm ET

(Reuters) - The U.S. housing regulator has approved pay packages for the chief executives of mortgage finance companies Fannie Mae (FNM.N) and Freddie Mac (FRE.N) in the range of $4 million to $6 million, the Wall Street Journal said, citing people familiar with the matter.

The Federal Housing Finance Agency has approved the pay details for Fannie's Michael Williams and Freddie's Charles Haldeman, which the housing companies are expected to spell out in a securities filing on Thursday, the paper said.

Fannie Mae and Freddie Mac, which together own or guarantee half of all U.S. mortgages, were seized by the U.S. government and put into conservatorship in September 2008 at the peak of the credit crises.

The Federal Housing Finance Agency did not immediately respond to a Reuters email seeking comment that was sent outside of regular U.S. business hours.

(Reporting by Sakthi Prasad in Bangalore; Editing by Valerie Lee)

Comments (2)

Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

Nice, I'd like to see a pay check like that. Who wouldn't? Comes from Bangalore, are you sure it's true?

Dec 24, 2009 12:55 AM
Richard Sheeler
RJS Appraisals - Staten Island, NY

Definately True.......not the 1st time I have heard this.

Dec 31, 2009 08:48 AM