CEOs of Mortgage Giants Fannie and Freddie Get Big Raises

July 1, 2015 7:58 PM

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The CEOs of government-backed mortgage giants Fannie Mae and Freddie Mac are getting large raises, to about $4 million a year, as the government relaxes rules that were imposed on the companies after they suffered big losses and were bailed out.

In forms filed with the Securities and Exchange Commission on Wednesday, the companies disclosed that Fannie Mae CEO Timothy Mayopoulous and Freddie Mac CEO Donald Layton will get annual base salaries of $750,000 each, $2.1 million in fixed deferred compensation and $1.2 million in at-risk deferred ...

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