Former Exec Settles Pay Dispute With Fannie Mae
In documents filed Tuesday with the U.S. Securities and Exchange commission, government-sponsored mortgage conglomerate Fannie Mae revealed it will pay Raines approximately $2.6 million of deferred compensation in one lump sum.
The settlement was reached by the two parties last week and approved by an arbitrator on Sunday.
Raines, who was forced...
To view the full article, register now.