Federal National Mortgage Association (FNMA) has released an update to notify the public and investors about its officers.
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The 2024 Scorecard from the Federal Housing Finance Agency outlines performance objectives for Fannie Mae, Freddie Mac, and Common Securitization Solutions, including an executive compensation program that ties half of the at-risk deferred salary to these objectives. The Scorecard emphasizes fostering competitive housing finance markets, conducting business soundly, and meeting FHFA requirements. It prioritizes equitable access to housing, energy efficiency, and resilience while managing operations in conservatorship effectively. Additionally, it sets a $70 billion cap for each Enterprise’s multifamily purchase volume, with at least 50% being mission-driven, and details criteria for assessing various types of loans within this framework.
For further insights into FNMA corporate activity, check out TipRanks’ Insiders Trading Activity page.
For a comprehensive understanding of the announcement, you can read the full document here.
