Fannie Mae, Freddie Mac planning massive retention bonuses

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According to a report today in The Wall Street Journal [subscription required], Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) — those twin titans of mortgage mayhem — are planning to dish out $210 million worth of retention bonuses over the next 18 months. James Lockhart, director of the Federal Housing Finance Agency, explained that $51 million in payouts were distributed in late 2008, with the rest of the bonuses to be disbursed through 2009 and into early 2010.

Fannie Mae, Freddie Mac planning massive retention bonuses | money blog

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