CEO Daniel Mudd has been the chief executive officer of Fannie Mae since 2005. He is 47 years old. Follow Mr. Mudd and Fannie Mae in the news and blogs or share your own opinion about the company and its leadership.
WASHINGTON (Reuters) - The top U.S. housing regulator said on Thursday it approved 2009 pay packages of up to $6 million each for the chief executives of government-controlled mortgage giants Fannie Mae <FNM.N><FNM.P> and Freddie Mac <FRE.N><FRE.P>. The approvals were part of a wider decision by the Federal Housing Finance Agency on executive salaries at both firms. FHFA Acting Director Edward DeMarco said, on average, executive pay at the companies had dropped 40 percent from where it stood... Read Full Story
Top executives at mortgage finance giants Fannie Mae and Freddie Mac, both of which have been under government control since last year, received millions of dollars in pay this year, according to documents filed by the company Thursday.
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(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... Read Full Story
Federal regulators plan to disclose Thursday morning that the top executives of government-controlled mortgage finance companies Fannie Mae and Freddie Mac each earned between $4 million and $6 million this year, two people briefed on the matter say. The people, who declined to be identified because the announcement was not yet public, said the pay packages were approved by the Treasury Department and the Federal Housing Finance Agency, which regulates Fannie and Freddie. A spokeswoman for... Read Full Story
Dec. 15 (Bloomberg) -- Fannie Mae and Freddie Mac’s federal regulator is said to be renegotiating the companies’ financing plan with the U.S. Treasury Department and may seek an increase to their $400 billion federal lifeline before the end of the year. Bloomberg's Scarlet Fu reports. (Source: Bloomberg) Read Full Story
Fannie Mae says it won't consider offers from investors to buy its foreclosed properties until they have been on the market for 15 days. During that period, Fannie Mae will only consider bids from buyers who intend to live in the homes, or those using public housing funds. Fannie Mae says the First Look initiative announced Tuesday applies to more than 72,000 properties nationwide. For buyers using money from public entities such as the Department of Housing and Urban Development, Fannie Mae... Read Full Story
Government controlled mortgage provider Fannie Mae said Monday the U.S. Treasury has blocked its plans to sell more than $2.5 billion in low-income housing tax credits. In a regulatory filing Monday, Fannie Mae, formally known as Federal National Mortgage Assoc., said it had planned to transfer equity interest in the credits to investors. The Treasury, however, blocked the move saying it would result in a loss of tax revenue greater than the savings to the government. Fannie Mae said it was... Read Full Story
They are 90%+ of the mortgage market ….. (BC)
No Money Down Mortgages Continue – Eric Falkenstein – … FHA is aggressively promoting lending with only 3.5% down, and the $8k tax credit for buying a house less than $200k…. A person who can’t afford a down payment should not be in a home . One needs capital to pay for routine maintenance, and most importantly, if something major happens, like if a heater breaks. A renter is someone who does not have the wherewithall to handle these... Read Full Story
