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Regulator approves millions for Fannie, Freddie execs

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Reuters
Thursday, December 24, 2009

WASHINGTON (Reuters) – The top U.S. housing regulator said on Thursday it approved multimillion dollar pay packages for the chief executives of mortgage giants Fannie Mae and Freddie Mac.

Federal Housing Finance Agency Acting Director Edward DeMarco said he made the decision in consultation with the Treasury Department.

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Regulator approves millions for Fannie, Freddie execs 031209banner2

In filings with the Securities and Exchange Commission, the companies said Fannie Mae CEO Michael Williams and Freddie Mac CEO Charles Haldeman would each receive up to $6 million in total compensation for 2009.

Freddie Mac said the same figure would apply to the Haldeman’s pay package for 2010.

Full story here.

This article was posted: Thursday, December 24, 2009 at 8:38 am





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