Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 129

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 129
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FREDDIE MAC  |  2024 Form 10-K96

Management's Discussion and AnalysisConservatorship and Related Matters

–A loan with temporary underwriting flexibilities due to exigent circumstances, as determined in consultation with FHFA; or 

–Secured by manufactured housing.

We will continue to manage these activities in accordance with our risk limits and limitations imposed by FHFA.

Limits on Our Multifamily Loan Purchase Activity 

The amount and type of multifamily loans that we purchase are influenced by the loan purchase cap established by FHFA for our multifamily business. In November 2024, FHFA announced that the 2025 loan purchase cap for the multifamily business will be $73 billion, up from $70 billion in 2024. FHFA will continue to require at least 50% of the Multifamily new business activity to be mission-driven, affordable housing. For 2025, loans classified as supporting workforce housing properties will be exempt from the volume caps. FHFA will continue to monitor the multifamily mortgage market and may increase the multifamily caps if necessary to support liquidity in the market. However, if FHFA determines the actual size of the market is smaller than was initially projected, FHFA will not reduce the caps.

FHFA's Strategic Plan: Fiscal Years 2022-2026 and Conservatorship Scorecard 

In April 2022, FHFA released its Strategic Plan for fiscal years 2022-2026. This Strategic Plan provides a framework that outlines FHFA's priorities for these years as regulator of the Federal Home Loan Bank System and as regulator and conservator of Freddie Mac and Fannie Mae. The Strategic Plan continues the existing priorities and formalizes areas of focus for FHFA and its regulated entities by establishing three goals:

n    Secure the regulated entities' safety and soundness;

n    Foster housing finance markets that promote equitable access to affordable and sustainable housing; and

n    Reasonably steward FHFA's infrastructure.

In January 2024, FHFA released the 2024 Conservatorship Scorecard. The purpose of this Scorecard is to hold the Enterprises and CSS accountable for fulfilling their core mission requirements by promoting sustainable and equitable access to affordable housing and operating in a safe and sound manner. For additional information on the 2024 Conservatorship Scorecard, see Executive Compensation - CD&A - Determination of 2024 At-Risk Deferred Salary - At-Risk Deferred Salary Based on Conservatorship