The latest FHFA directive is something of a mystery. In separate 8-Ks, both Fannie and Freddie point out that no employees currently receive a base salary of more than $600,000.
Sheila Bair joins Fannie Mae after several years as a university executive and a board member for companies like Reuters, Host Hotels and the Industrial and Commercial Bank of China.
Freddie announces a $1.3 billion Seasoned Loans Structured Transaction; Fannie prices a $1 billion REMIC deal; Freddie launches a new product to address aging housing supply; CEO Layton’s last week at Freddie.
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