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Conservatorship Scorecard

In May of 2014 FHFA published a 2014 Strategic Plan for Enterprise Conservatorships and a 2014 Scorecard for Fannie Mae, Freddie Mac (the Enterprises) and Common Securitization Solutions.

 

Fannie Mae and Freddie Mac Goals:

 

MAINTAIN - in a safe and sound manner, foreclosure prevention activities and credit availability for new and refinanced mortgages to foster liquid, efficient, competitive and resilient national housing finance markets.

REDUCE - taxpayer risk through increasing the role of private capital in the mortgage market.

BUILD - a new single-family securitization infrastructure for use by the Enterprises and adaptable for use by other participants in the secondary market in the future.

 

For detailed scorecard goals go to 2014 Scorecard.

 

For all Scorecard items, Fannie Mae & Freddie Mac (the Enterprises) will be assessed based on the following criteria:

  • The extent to which the initiatives are undertaken in a safe and sound manner;
  • The quality, thoroughness, creativity, effectiveness, and timeliness of their work products;
  • Cooperation and collaboration with FHFA, Common Securitization Solutions (CSS), each other, and the industry;
  • The extent to which the outcomes of their activities support a competitive and resilient secondary mortgage market to support homeowners and renters;
  • The quality of the input provided to FHFA for periodic progress reports to the public.

 

2014 Goals for the Common Securitization Solutions, LLC (CSS):

 

  •  Continue to build and test the Common Securitization Platform (CSP)
    • CSS should focus its work with Fannie Mae and Freddie Mac on the functions necessary for current Enterprise securitization activities.
    • This work should include the operational and system capabilities needed to issue a single (common) security for the Enterprises.
    • In addition, this work should allow for the option and the integration of additional market participants in a future system.
  • Complete and submit an updated plan for integrating with Fannie Mae and Freddie Mac.
  • Develop the CSS multi-year business and operational plan, including a budget.
  • Work with the Enterprises to obtain and utilize industry input.
  • Provide input to FHFA for periodic progress reports to the public.

 

 

 

 More About this Topic

 

 

Prepared Remarks of Melvin L. Watt at the Brookings Institution Forum on the Future of Fannie Mae and Freddie Mac31635/20/2014 8:57:31 PMSTS_ListItem_850http://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx122444020http://www.fhfa.gov5/20/2014 8:57:31 PMhtmlFalseaspx32;44;1632~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PublicAffairs.js
2014 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions32096/30/2014 4:46:53 PMSTS_ListItem_850http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspx18762560http://www.fhfa.gov6/30/2014 4:46:53 PMhtmlFalseaspx44;1644~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_Default_FHFA.js
FHFA Releases 2013 Performance and Accountability Report3457FHFA released the 2013 Performance and Accountability Report (PAR) detailing the Agency’s progress as regulator and conservator of the Enterprises and regulator of the 12 Federal Home Loan Banks (FHLBs).5/19/2014 9:08:33 PMSTS_ListItem_850http://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx124150http://www.fhfa.gov5/19/2014 9:08:33 PMhtmlFalseaspx32;44;1632~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PublicAffairs.js
FHFA Takes Further Steps to Advance Conservatorship Strategic Plan by Announcing an Increase in Guarantee Fees3576FHFA took additional steps toward fulfilling the Strategic Plan for Enterprise Conservatorships, (published February 2012) which established a goal of gradually contracting Freddie Mac and Fannie Mae’s marketplace presence while reducing their operations.3/12/2014 12:43:37 AMSTS_ListItem_850http://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx20780http://www.fhfa.gov3/12/2014 12:43:37 AMhtmlFalseaspx32;44;1632~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PublicAffairs.js
FHFA Announces Overhaul of Fannie Mae and Freddie Mac Mortgage Insurance Master Policy Requirements3354Fannie Mae and Freddie Mac have completed the first major overhaul of mortgage insurance master policy requirements in years. The 2013 Conservatorship Scorecard calls for the Enterprises to develop aligned requirements for master policies.5/19/2014 9:10:15 PMSTS_ListItem_850http://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx7901320http://www.fhfa.gov5/19/2014 9:10:15 PMhtmlFalseaspx32;44;1632~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PublicAffairs.js
FHFA Progress Report Details Advancement on Securitization Infrastructure and Credit Risk Sharing3433FHFA issued a Progress Report on the initiatives outlined in the Strategic Plan for the Enterprise Conservatorships and the 2013 Conservatorship Scorecard.5/19/2014 9:11:58 PMSTS_ListItem_850http://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx174150http://www.fhfa.gov5/19/2014 9:11:58 PMhtmlFalseaspx32;44;1632~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PublicAffairs.js
Progress Report - Implementation of Strategic Plan for Enterprise Conservatorships51206/30/2014 4:47:00 PMSTS_ListItem_850http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspx253320http://www.fhfa.gov6/30/2014 4:47:00 PMhtmlFalseaspx44;1644~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_Default_FHFA.js
Statement of FHFA Acting Director Edward J. DeMarco on Freddie Mac Insurance Risk-Sharing Transaction3678FHFA is pleased that Freddie Mac has completed another risk-sharing transaction – an insurance policy with Arch Reinsurance Ltd. that covers up to $77.4 million of potential losses on a pool of loans guaranteed by Freddie Mac.6/30/2014 4:53:14 PMSTS_ListItem_850http://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx4240http://www.fhfa.gov6/30/2014 4:53:14 PMhtmlFalseaspx32;44;1632~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PublicAffairs.js
Statement of FHFA Acting Director Edward J. DeMarco on Fannie Mae Direct Debt Risk-Sharing Transaction3677FHFA is pleased that Fannie Mae is nearing completion of another risk-sharing transaction—the first Connecticut Avenue Securities or "C-deal" transaction.5/19/2014 9:15:07 PMSTS_ListItem_850http://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx3600http://www.fhfa.gov5/19/2014 9:15:07 PMhtmlFalseaspx32;44;1632~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PublicAffairs.js
Statement of Edward J. DeMarco on Fannie Mae Risk-Sharing Transaction3670FHFA is pleased that Fannie Mae has completed its first risk-sharing transaction, which provides mortgage insurance coverage on a pool of more than $5 billion in single-family mortgages.5/19/2014 9:15:10 PMSTS_ListItem_850http://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx4940http://www.fhfa.gov5/19/2014 9:15:10 PMhtmlFalseaspx32;44;1632~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PublicAffairs.js

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