Today, the Federal Housing Finance Agency (FHFA) released the 2024 Scorecard for Fannie Mae and Freddie Mac (together, the Enterprises) and their joint venture, Common Securitization Solutions, LLC (CSS). Annually, FHFA releases a Scorecard to communicate and provide public awareness of its priorities and expectations for the Enterprises and CSS.
“The annual Scorecard requires that the Enterprises fulfill their mission in a safe and sound manner,” said FHFA Director Sandra L. Thompson. “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.”
The 2024 Scorecard articulates specific Enterprise objectives that address multifamily rental housing needs, explore opportunities to mitigate risk in the evolving single-family property insurance market, and promote efficiency in the mortgage market. The Scorecard also identifies objectives for the Enterprises to continue to transfer meaningful credit risk to private investors and explore opportunities to harmonize their processes supporting the Single-Family Selling Representations and Warranties Framework. Further, the Scorecard directs that the Enterprises consider the impact of their objectives in all geographies, including rural areas.