It’s official. With no fanfare or big news headlines, President Obama signed the salary cap legislation limiting the salaries of Fannie Mae and Freddie Mac CEOs to $600,000 each, the day before Thanksgiving. There was strong opposition from many, including White House and Treasury officials, against the new multi-million dollar executive compensation packages proposed by the Federal Housing Finance Agency earlier this year. After a pay hike earlier in the year, salaries are now back at the $600,000 cap, previously set by former FHFA Director Ed DeMarco. The bill by Rep. Ed Royce’s, R-CA, to suspend the CEOs’ $4 million annual compensation packages passed out of the House by a 57-1 vote and was followed by a senate version from...