Pay | FORECLOSURE FRAUD | by DinSFLA

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How much are you paying to Fannie & Freddie executives? It’s shocking. INFOGRAPHIC:

How much are you paying to Fannie & Freddie executives? It’s shocking. INFOGRAPHIC:


During 2009-2010, Fannie Mae & Freddie Mac lost $121.6 Billion and took $94 Billion from US taxpayers, who paid the top six executives as the government-owned mortgage giants more than $35 Million.

 

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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UNBELIEVABLE | Letting go of Fannie and Freddie, No one will run “housing” for $200K a year

UNBELIEVABLE | Letting go of Fannie and Freddie, No one will run “housing” for $200K a year


Let me start by saying, that no one was even qualified to run them making millions. It was at all times fraud and the cover up they have cost tax payers is insane. Lets not forget they got together with the “elites” to form MERS, knowing where it would find itself today with all missing papers.

Sadly, I bet you could only find an honest person $200,000 a year to run them!

HW-

Efforts to find a solution to the government-sponsored enterprises continue to spin in circles. This is especially frustrating for Federal Housing Finance Agency Acting Director Ed DeMarco and the CEOs of Fannie Mae and Freddie Mac.

To date, the only meaningful change is the move to abolish bonuses for the chief executives.

Sadly, this will only make things worse, as there is no one willing to do the job necessary to run the nation’s housing for $200,000 a year.

[HOUSING WIRE]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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JPM’s Dimon says bank will pay for foreclosure errors

JPM’s Dimon says bank will pay for foreclosure errors


Jamie Dimon, chairman and chief executive of J.P. Morgan Chase & Co., says that although the bank didn’t foreclose on people who should’ve been exempted, its mistakes are “embarrassing.”

via CRAIN’S

“Some of the mistakes were egregious, and they’re embarrassing,” Mr. Dimon, 55, said Tuesday at a conference hosted by the Council of Institutional Investors in Washington. He said the bank faces extra legal and regulatory hurdles after a Florida lawsuit uncovered that bank officials had signed foreclosure affidavits without verifying their accuracy.

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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More big paydays at Fannie, Freddie

More big paydays at Fannie, Freddie


Posted by Colin Barr
December 31, 2010 7:06 am

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.

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Kenneth Eric Trent, www.ForeclosureDestroyer.com

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