GSE Restructuring Continues With Freddie Departures; Bonuses Playing Key Role in Targeted Staff Retentions
October 2, 2008
With new appointees calling the shots at Fannie Mae and Freddie Mac, the two government-sponsored enterprises have undertaken a substantial restructuring of their business units and compensation packages, pushing some staff out the door while boosting efforts to retain other key employees. Late last week, Freddie indicated its conservator has eliminated the payment of annual...