Fannie Mae 2012 Annual Report Download - page 192

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The table below sets forth the 2012 conservatorship scorecard and a summary of FHFA’s assessment of the company’s
achievement of the scorecard objectives and targets, including the numerical score FHFA provided for each objective.
Objectives Weighting Targets Final Score Summary of Performance Against Targets
1. Build a New Infrastructure 30% 28.9%
• Continued progress on, or
completion of, mortgage
market enhancement
activities already underway
15% 14.9%
– Loan-level Disclosure
in Mortgage-Backed
Security (MBS)
– Develop template for enhanced loan-
level disclosures for single-family
MBS that incorporates market
standards and is consistent with
maintaining liquidity in the to-be-
announced market. Template to be
submitted to FHFA by June 30, 2012.
– Met this target: Provided final template
to FHFA on June 29, 2012.
– Uniform Mortgage
Data Program (UMDP) – Meet articulated Uniform Mortgage Data Program (UMDP) timetables as
follows:
– Uniform Collateral Data Portal
(UCDP) electronic appraisal
submission requirement by March
19, 2012.
– Uniform Loan Delivery Data
(ULDD) format loan delivery data
by July 23, 2012.
– Deliver new ULDD data point in
compliance with SEC Rule
15Ga-1 by November 30, 2012.
– Notify market of optional ULDD
data points, including those
necessary to improve disclosure
and for other business uses in
2012.
– Met this target: Met articulated UMDP
timetables including:
– Began collecting UCDP electronic
appraisal data by March 19, 2012.
– Began collecting ULDD Phase 1
required data points by July 23,
2012.
– Developed ability to collect new
ULDD data point on funder
information by November 30, 2012.
– Notified market of optional ULDD
Phase II data points on December
13, 2012. Developed and agreed on
an implementation timeline for
ULDD Phase II.
– Notify market of servicing data
standard, including data necessary to
improve disclosure, and agree on
timetable for data collection to begin
in 2013 by December 31, 2012.
– Substantially met this target: In
December 2012, made general
announcement regarding progress on
the creation of a Uniform Mortgage
Servicing Dataset (UMSD), as well as
announcements to targeted
stakeholders requesting feedback on
draft dataset in early 2013. Also
completed the UMSD
Foundation Template in December
2012. The December 2012
announcements did not include the
UMSD Foundation Template, which is
expected to be released to targeted
stakeholders in the first half of 2013.
– Develop plans that leverage uniform
appraisal data (UAD) and ULDD for
enhanced risk management by
December 31, 2012.
– Met this target: Developed an
implementation plan for UAD and
ULDD data on how the new data can
be used to reduce loan repurchase
exposure and incorporated into credit
portfolio analytics, and submitted plan
to FHFA in September 2012.
– Cooperate with FHA implementation
of portal to accept electronic
appraisals.
– Met this target: Supported FHA with
respect to its roadmap for developing
and implementing a portal to receive
electronic appraisals.
– Seller-Servicer
Contract
Harmonization
– Appropriate resource allocation to
seller-servicer contract
harmonization and commitment to
targeted timetables as outlined in
FHFA directive.
– Met this target: Delivered on all of
FHFA’s seller-servicer contract
harmonization initiatives within the
specified timeframes.