other material
confidence high
sentiment neutral
materiality 0.30
FHFA 2024 Scorecard ties Freddie Mac NEO compensation to performance; $70B multifamily cap
FEDERAL HOME LOAN MORTGAGE CORP
- Executive compensation for NEOs (other than CEO) tied to FHFA Scorecard; half of At-Risk Deferred Salary (15% of target total direct comp) subject to reduction.
- Scorecard weighted equally (50% each) on 'Promote Equitable Access to Affordable and Sustainable Housing' and 'Operate Business in Safe and Sound Manner'.
- Multifamily purchase volume capped at $70 billion per Enterprise for 2024, with 50% minimum mission-driven loan purchases.
- Performance assessed against criteria including safety/soundness, risk management, climate risk, and equitable housing finance plans.