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Conservatorships Progress Report

Progress Report - Implementation of Strategic Plan for Enterprise Conservatorships

Published: 11/25/2013
​​Progress Report ThumbnailThe Federal Housing Finance Agency (FHFA) issued a Progress Report today on the initiatives outlined in​​ the Strategic Plan for the Enterprise Conservatorships and the 2013 Conservatorship Scorecard. In particular, important progress toward the building of a new secondary mortgage market infrastructure and the contracting of Fannie Mae and Freddie Mac’s dominant presence in the marketplace has been achieved.

The Progress Report details the following milestones:

  • Significant progress has been made on the development and initial testing of the Common Securitization Platform (CSP); however challenges, including necessary changes to Fannie Mae’s and Freddie Mac’s technology and business processes, remain before full implementation.

  • Fannie Mae and Freddie Mac have formally established Common Securitization Solutions, LLC as the joint venture that will own the CSP and related business and operational functions.

  • Fannie Mae and Freddie Mac have each executed multiple risk-sharing transactions totaling more than $30 billion.

  • Fannie Mae and Freddie Mac have achieved the Scorecard objective of gradually reducing the less liquid portions of their retained portfolios.

  • Fannie Mae and Freddie Mac have completed review of pre-conservatorship loan acquisitions and have recovered more than $18 billion in restitution for breaches of selling representations and warranties.​​​​​

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