Executive compensation at Fannie & Freddie under review

In today’s HousingWire Daily episode, HousingWire Junior Digital Producer Victoria Jones joins HousingWire Editor in Chief Sarah Wheeler to discuss the hottest topics coming across HousingWire’s news desk. In this episode, Jones and Wheeler discuss why the Federal Housing Finance Agency is reviewing Fannie Mae and Freddie Mac executive compensation for the first time in nearly a decade.

The pair also discuss HousingWire Lead Analyst Logan Mohtashami’s recent HW+ article that dives into the 10-year bond yield and the latest inflation data, along with what the data could mean for the housing market.

Additionally, Jones and Wheeler review last week’s biggest stories and the topics the HousingWire newsroom will cover in the week ahead.

For some background on the interview, here’s a brief summary of HousingWire’s coverage on why the FHFA is taking a look at executive compensation at Fannie and Freddie:

For the first time in nearly a decade, the Federal Housing Finance Agency is taking a look at how its compensation measures up for executives at Fannie Mae and Freddie Mac.

On Thursday, the regulator issued a request for input to determine if the current compensation is not “reasonable” or “comparable.” In a statement, FHFA Director Mark Calabria said the information the FHFA gathers will help to ensure transparent and appropriate executive compensation policies.

“Compensation policies must balance the need for FHFA’s regulated entities to attract and retain talent while focusing on and fulfilling their core mission responsibilities,” said Calabria. “This review will be done in a way that emphasizes safety and soundness, protects taxpayers, and enhances financial stability in the housing system.”

Fannie Mae has told investors that the limits on compensation put it at a disadvantage when trying to attract and retain executives.

HousingWire Daily examines the most compelling articles reported across HW Media. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Jones.

HousingWire articles covered in this episode:

• FHFA to review exec compensation at Fannie & Freddie
• Bond yields foretold housing and economic recovery
• California has a radical homebuying plan
• Behind the executive exodus at Fannie Mae
• Fannie Mae gives go-ahead for digital verification
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