"My new bill with Senator Tillis is designed to close the loophole used to more than triple CEO salaries and keep Fannie and Freddie in check." In 2015, the Senate passed Senator Warren’s bipartisan legislation with former Louisiana Senator David Vitter to cap compensation for executives at Fannie Mae and Freddie Mac and limit total.
Warren, Tillis look to enforce GSE salary caps By Mark In FHA Loan Articles Contents Electronic note program Institutionally backed lender fourth-quarter securities filing gse purchased 34 Enacting housing finance reform Integration leverages lendingtree’ Warren, Tillis look to enforce.
GSE reform proposals next on the to-do list GSE reform hannah lang april 15 warren, Tillis look to enforce GSE salary caps A bipartisan proposal would allow for the removal of the FHFA director if the agency approves CEO salary increases at Fannie and Freddie beyond $600,000.
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WASHINGTON – Two members of the Senate Banking Committee have introduced bipartisan legislation to enforce the salary caps of the chief executives at the mortgage giants Fannie Mae and Freddie Mac. Sens. Elizabeth Warren, D-Mass., and Thom Tillis, R-N.C., have introduced the Respect the Caps Act, which would explicitly bar Fannie and Freddie from transferring [.]
The name of the bill says it all. The bipartisan "Respect the Caps Act", introduced this week by Senate Banking Committee members Thom Tillis, R-NC, and Elizabeth Warren, D-MA, is intended to enforce the salary caps congress imposed on the CEOs of Fannie Mae and Freddie Mac in 2015. The caps came in the wake of the financial crisis.
It would also allow for the Federal Housing Finance Agency director’s removal if it approves compensation greater than the cap of $600,000 a year, which was signed into law in 2015.
Warren, Tillis look to enforce GSE salary caps By Neil Haggerty Published April 12 2019, 2:44pm EDT WASHINGTON – Two members of the Senate Banking Committee have introduced bipartisan legislation to enforce the salary caps of the chief executives at the mortgage giants Fannie Mae and Freddie Mac.
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