Take your pick of either REUTERS or BLOOMBERG to read the latest developing story.

Excerpt:

Freddie Mac, the mortgage finance firm controlled by the U.S., said Chief Executive Officer Charles E. Haldeman will step down and named Christopher S. Lynch to replace John Koskinen as non-executive chairman.

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.

The housing recovery has stalled, but the gravy train rolls on for the government-appointed saviors of the housing market, Fannie Mae and Freddie Mac.

The top executives of the taxpayer-backed companies stand to make millions of dollars in salary, deferred pay and long-term incentive awards for 2010 – including substantial sums that are performance-based, at least in name.

Fannie (FNMA) CEO Michael Williams and Freddie (FMCC) chief Charles Haldeman each stand to make some $6 million this year, going by company filings that broadly outline 2009 pay and 2010 guidelines.

Using the same data and assuming no one got a pay cut — we can’t risk having the talent leave, after all — their top lieutenants could make between $2 million and $3 million each.