Fannie Mae to pay retention bonuses
Fannie Mae, the US mortgage financier taken over by the government in September, is planning to pay executive retention bonuses of as much as $611,000 this year in spite of multi-billion dollar losses at the company.
Fannie Mae, one of two mortgage companies operating under US conservatorship, said it will seek $7.8 billion in Treasury Department aid after reporting a third-quarter loss.