Law360, New York (March 09, 2012, 1:06 PM ET) -- New compensation standards announced Friday by the federal regulator overseeing Fannie Mae and Freddie Mac would eliminate executive bonuses and cap CEO salaries at about $500,000, after congressional outrage over bonus payments at the failed mortgage giants.
The Federal Housing Finance Agency said that its 2012 compensation plan for Fannie and Freddie would represent a 75 percent cut for the two companies' top executives since they were placed under federal conservatorship in 2008, and would come in far below what similarly placed executives are paid at...
FHFA Caps Fannie, Freddie Execs' Pay
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