WASHINGTON, DC-Both Fannie Mae and Freddie Mac have approached the Treasury Department for additional funding in recent days. Last week, Freddie Mac requested another $6 billion in aid after reporting that its loss had grown to $4.4 billion for the third quarter. On Wednesday Fannie Mae reported a $7.6 billion loss for the quarter and asked the Treasury Department for $7.8 billion. Both GSEs have cited low mortgage rates, declining home prices and growing defaults as the source of their red ink.

Congress, needless to say, is hardly pleased with this latest trip to the Treasury’s coffers, to say nothing of their general performance. The latest sign of its discontent is a measure proposed by Sens. John McCain (R-AZ) and Jay Rockefeller (D-WV) to prohibit executives at GSEs from receiving bonuses so long as the agencies are in conservatorship.

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Such a measure will make it even harder for the GSEs to retain, much less find, the necessary talent to keep their operations running. It could be a problem for Freddie Mac in particular, which is currently looking for a new CEO, with Charles E. "Ed" Haldeman, Jr. planning to resign within the next year.

For all the trouble that the GSEs’ residential portfolios are in, their multifamily operations are doing well. The latest sign of their health? Fannie Mae has just priced its seventh multifamily DUS REMIC for the year. The deal cleared quickly and priced well, the agency reported.

“Demand for securities with high credit quality and low spread volatility remains strong,” said Kimberly Johnson, vice president of Multifamily Capital Markets, in a prepared statement. “We continue to see new participants investing in Agency CMBS.”