Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 356

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 356
---
 for Uniform Property Dataset use, and reconsideration of value.•Efficiency in the mortgage marketGoal was achieved.-Continue modernization of single-family property valuation processes and practices, including traditional appraisals and valuation alternatives.Goal was achieved.-Leverage data, technology, and other innovations to promote efficiency and cost savings in mortgage processes.Goal was achieved.-Plan for implementation of the approved credit score models, informed by stakeholder outreach.Goal was achieved.•Climate risksGoal was achieved.-Identify and pursue measures to enhance consumer awareness of climate risks in housing.Goal was achieved.-Continue research to monitor climate-related market developments; identify at-risk borrowers, properties, and communities; inform policy; and improve climate-resiliency and energy efficiency efforts.Goal was achieved.II.        Operate the Business in a Safe and Sound Manner (50%)Ensure that Freddie Mac is resilient to operational, market, credit, counterparty, economic, legal/litigation, and climate risks.•Maintain effective risk management systems appropriate for entities that need to minimize risk to capital as they rebuild their capital buffers.Goal was achieved.•Take appropriate action to address risk exposure and enhance Freddie Mac's counterparty risk controls.Goal was achieved. We released an updated version of the private mortgage insurer eligibility requirements with enhanced definitions and measurements of available assets.•Strengthen risk management capabilities in identifying, assessing, controlling, monitoring, and reporting on climate risk and incorporating these capabilities into Freddie Mac's overall risk framework.Goal was achieved.•Maintain ability to respond to operational events without significant disruption to the primary or secondary mortgage market.Goal was achieved.•Maintain liquidity at levels required by FHFA and sufficient to sustain Freddie Mac's operations through severe stress events.Goal was achieved.•Explore opportunities to harmonize Freddie Mac's processes supporting the Single-Family Selling Representations and Warranties Framework, including defect identification, remedies, and repurchase alternatives.Goal was achieved.Transfer a meaningful amount of credit risk to private investors in a commercially reasonable and safe and sound manner, reducing risk to taxpayers.Goal was achieved.

At-Risk Deferred Salary Based on Corporate Scorecard Goals and Individual Performance

The other half of each eligible NEO's At-Risk Deferred Salary, also equal to 15% of Target TDC, is first subject to adjustments based on the company's performance against the Corporate Scorecard goals and other relevant factors, as determined by the CHC Committee. The Corporate Scorecard goals drive how we manage and improve the commercial aspects of our business and are intended to complement the FHFA