FHFA Roadmap for Fannie and Freddie

On March 9, the FHFA released a 2012 Conservatorship Scorecard, which provides the implementation roadmap for the FHFA Strategic Plan announced in February and includes specific objectives and timetables for Fannie Mae and Freddie Mac in support of the plan, including: (i) developing a template for enhanced loan-level disclosures for single-family MBS by June 30; (ii) developing a plan for a single securitization platform with multiple future issuers by December 31; and (iii) initiating risk sharing transactions by September 30.  The FHFA also announced 2012 executive compensation programs at Fannie Mae and Freddie Mac. 
FHFA Release.

Published In: Administrative Agency Updates, Finance & Banking Updates, Residential Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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