secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL HOME LOAN MORTGAGE CORP (FMCC)
CIK:        0001026214
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001026214-24-000010
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FHFA 2024 Scorecard ties Freddie Mac NEO compensation to performance; $70B multifamily cap
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1026214/000102621424000010/0001026214-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1026214/000102621424000010/fmcc-20240130.htm
  HTML page:      https://secwatch.observer/filing/0001026214-24-000010

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