Exactly. And Newt didn’t get all of it either. His company gets it, and it covers overhead, administrative staff, liability insurance, etc.
So all this talk about Newt getting “millions” or even “1.5 million” from Fannie Mae is BS. The money came in over a period of years, and as the contract indicates, it was paid at a maximum of $25,000 per month, at a completely reasonable billing rate for Newt’s services.
But you watch, someone will bring up how Newt made/charged all this money “while Americans were hurting and losing their houses.”
That's not exactly an accurate description of the contract's terms. He wasn't paid by the hour, he was paid a flat rate of $25,000 per month, without regard to how many hours he worked. The hourly rate people have been discussing in this thread is based on that monthly rate, and assumes that Newt worked 20-40 hours a week on this contract. There is no indication, in the contract or anywhere else, of how many hours/week Newt worked under this contract.