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Compensation Cut at Fannie, Freddie

The federal regulator for Fannie Mae and Freddie Mac said it would eliminate performance-based bonuses for senior executives at the two mortgage-finance firms.

 

Losses from Fannie Mae, Freddie Mac seizures may near $400 billion

Federal Housing Finance Agency is seeking billions in repayment from banks that sold bad loans to the mortgage giants to help offset taxpayer losses, but some financial institutions are balking.

 

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