FHFA Unveils 2024 Scorecard for Fannie Mae, Freddie Mac
Industry Update
February 6, 2024
Source: Dodd Frank Update
The Federal Housing Finance Agency (FHFA) recently released its 2024 Scorecard, outlining strategic objectives for Fannie Mae, Freddie Mac and their joint venture, Common Securitization Solutions, LLC (CSS).
FHFA Director Sandra Thompson emphasized the critical role of the annual Scorecard in guiding government-sponsored enterprises (GSEs).
“The annual Scorecard requires that the Enterprises fulfill their mission in a safe and sound manner,” Thompson said in a statement. “The 2024 Scorecard focuses the Enterprises on effective risk management to ensure safety and soundness while meaningfully advancing equitable and sustainable access to homeownership and rental housing.”
Among the objectives detailed in the scorecard are those aimed at addressing multifamily rental housing needs, exploring risk mitigation strategies in the evolving single-family property insurance market and promoting efficiency in the mortgage market.
For full report, please click the source link above.