Fannie Mae provides financial products and services that increase the availability and affordability of housing for low-, moderate- and middle-income families.

Fannie Mae is withholding and will not pay 44.4 million in bonuses to executives who caused and led the company into faulty accounting practices for the mortgage finance company giant.

The former CEO was forced to resign in 2004 and lost a 11.2 million dollar bonus. The CFO Timothy Howard lost a 3.4 million dollar bonus. Doesn’t it want to make you rant to hear of the gross overcompensation paid these honchos!

Fannie Mae and Freddie Mac are two of the nation's largest sources of financing for residential mortgages.