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.
Single-Family MBS
Fannie Mae Loan-Level Disclosure
On January 3, Fannie Mae announced that it will start to disclose loan-level data for its newly-issued Single-Family MBS in the first quarter of 2012. The initial release will provide at issuance loan-level data and subsequent releases will aim to include additional data elements and monthly updates to loan-level data. Fannie Mae Release.