Mortgage company plans to pay up to 611k in bonuses

POSTED: Wednesday, March 18, 2009 - 5:14pm

UPDATED: Wednesday, March 17, 2010 - 11:02am

AP-Fannie Mae has plans to pay four it's top executives retention bonuses of up to $611,000 each.

The bonuses were revealed in a recent filing with the Securities and Exchange Commission.

Fannie Mae's sibling company Freddie Mac is planning similar bonuses.

Mae and Mac are both controlled by the government.

Fannie Mae is seeking $15.2 billion in government aid.

Freddie Mac is asking for nearly $31 billion on top of the $13.8 billion it received last year.

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