Fannie Mae, Freddie Mac shell out big bonuses
...The Federal Housing Finance Agency, which regulates the mortgage giants that are now under government receivership, has approved $12.79 million in bonus pay for the performance of 10 executives at Fannie and Freddie last year despite both companies posting losses in all four quarters, Politico reported.

The executives were rewarded with Wall Street-style incentives for meeting modest performance targets tied to modifying mortgages in jeopardy of foreclosure, according to Politico. Among the compensation deals was a $2.3 million bonus awarded to outgoing Freddie Mac CEO Ed Haldeman for 2010, a figure that is more than double his salary of $900,000. Fannie Mae CEO Michael Williams got $2.37 million in performance bonuses....