Industry News

Fannie Mae to pay ex-CEO Franklin Raines $2.6 million

OFHEO may seek to recover bonus money paid to top Fannie execs
Published on Nov 15, 2006

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Fannie Mae will pay $2.6 million to settle a pay dispute with former chief executive officer Franklin Raines, the government-sponsored mortgage repurchaser announced in a Securities and Exchange Commission filing. From 1998 to 2003, federal regulators said Raines was paid ...