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No Golden Parachutes For Fannie, Freddie CEOs

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No Golden Parachutes For Fannie, Freddie CEOs

Business

No Golden Parachutes For Fannie, Freddie CEOs

No Golden Parachutes For Fannie, Freddie CEOs

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The Federal Housing Finance Agency announced Sunday that the former CEOs of Fannie Mae and Freddie Mac will not walk away with golden parachutes. The agency that regulates — and now manages — the two mortgage giants said it will not allow the former executives to walk away with multimillion-dollar severance packages. It didn't say what ex-CEOs Daniel Mudd and Richard Syron will take home, if they receive anything at all.

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