If the Senate bill passes the House, it will travel to President Obama’s desk.

The increases reignited a debate over appropriate executive compensation at Fannie Mae and Freddie Mac, which have operated under a conservatorship overseen by the FHFA since they were seized by the federal government during the 2008 credit crisis.

The Federal Housing Finance Agency (FHFA) has issued “An Update on the Common Securitization Platform“, which describes the development of a new infrastructure for the securitization of single-family mortgages by Fannie Mae and Freddie Mac. An FHFA spokesman declined to comment on the Senate bill for this story.

A spokesman in Royce’s office said in an emailed statement that while timing on a vote in the House had not been decided, movement on the issue has been “lightning fast”. Just think of the money we’d save taxpayers in salaries!!!! She also co-authored All the Devils are Here: The Hidden History of the Financial Crisis along with New York Times columnist Joe Nocera. Mayopoulos became CEO of Fannie Mae in 2012 and his pay was set at $600,000. Indeed, Mayopolous, who had been general counsel at Fannie Mae, took a pay cut when he accepted the top job. Freddie Mac has a specialty network of Seller/Servicers and SBL lenders with extensive experience in this market who source loans across the country. A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements can be found in the company’s Annual Report on Form 10-K for the year ended December 31, 2014, and its reports on Form 10-Q and Form 8-K, filed with the SEC and available on the Investor Relations page of the company’s Web site at www.FreddieMac.com/investors and the SEC’s Web site at www.sec.gov.

Anyone know what the two largest financial entities in the world are?

The focus on the CEOs’ pay misses the point, she said. To participate, all potential bidders are required to be approved by Freddie Mac to access the secure data room containing information about the NPLs and to bid on the NPL pool. ‘The mortgage-backed securities that they issue, it is debt backed by the mortgages of Americans and there is about $5 trillion of it outstanding today, ‘ said McLean. “It’s what these organizations are supposed to be”.