Fannie and Freddie Execs Earned $95.4M Since Crisis

NEW YORK ( TheStreet) -- Top executives at Fannie Mae ( FNMA.OB)and Freddie Mac ( FMCC.OB) earned a total of $95.4 million from 2008-2010, according to a CNN report citing company filings.

The numbers have sparked congressional inquiries, as the housing giants owe the Treasury $130 billion, according to the Congressional Budget Office, a number that is expected to climb in subsequent years.

The filings have been public since early this year, but hadn't attracted much attention until a recent report by Politico highlighted some $12 million in compensation for top executives last year, according to CNN.

Indeed, a Feb. 24 filing by Fannie Mae shows CEO Michael Williams earned about $5.6 million in 2010, $6.7 million in 2009 and $7.1 million in 2008. Williams became CEO in April 2009 after serving four years as e.v.p. and COO.

-- Written by Dan Freed in New York. Follow me on twitter.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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