GSE Executives Defend Compensation
Video of House Oversight Committee hearing
Nov. 16, 2011
By MortgageDaily.com staff
The chief executive officers of Fannie Mae and Freddie Mac testified before Congress about the more than $12 million in bonuses paid to executives at the two government-controlled enterprises.
In the hot seat were Michael Williams, CEO of Washington, D.C.-based Fannie, and Charles “Ed” Haldeman, CEO of McLean, Va.-based Freddie. Also testifying was their regulatory, Federal Housing Finance Agency Acting Director Edward DeMarco.
The three were speaking before the House Oversight Committee on Tuesday.