Lockhart Defends Fannie, Freddie Bonuses
FHFA director James B. Lockhart yesterday defended so-called “retention payments” set to be paid to some high-ranking officials at mortgage financiers’ Fannie Mae and Freddie Mac.
The statement was released after CNN discovered that four top executives at Fannie Mae were expected to receive bonuses ranging from $470,000 to $611,000, according to a recent SEC filing.
Executive vice presidents Kenneth Read more