FHFA releases 2024 Scorecard for Fannie Mae: multifamily cap $70B, executive pay tied to performance

FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE

FHFA 2024 Scorecard includes two main categories: Equitable Access to Affordable Housing (50%) and Safe & Sound Operations (50%).
Each Enterprise has a $70B multifamily purchase cap for 2024 ($140B total); 50% must be mission-driven affordable loans.
Executive compensation (excluding CEO) includes at-risk deferred salary tied to Scorecard performance assessment.
Scorecard emphasizes climate risk management, appraisal bias reduction, and credit risk transfer to private investors.
FHFA will monitor market size and may adjust mission-driven requirements; no cap reduction if market shrinks.

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