HR 2121 Up For Vote; Freddie’s New Security, Fannie’s New Board Member

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Posted To: Pipeline Press

My memory’s not as sharp as it used to be. Also, my memory’s not as sharp as it used to be. The Bureau of Labor Statistics reports nearly 20% of Americans 65 or older are currently working, the highest level since the 1960s. Yes, not everyone sits on their porch during “retirement”. Congrats to Mike Heid, the ex-president of Wells Fargo Mortgage who is the newest member of Fannie Mae’s board of directors. He’ll be an asset to Fannie, but what’s the comp like? Depending on committee participation & meeting certain goals, Mr. Heid will probably earn about $180k (page 170 starts comp information). In very current news, H.R. 2121 is coming up for an important vote – today! Our industry’s Mortgage Action Alliance spread the word in in support of H.R. 2121, a bill that would provide transitional…(read more)

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