The Federal Housing Finance Agency (FHFA) said the recent issuance of a Request for Input (RFI) on executive compensation would enhance oversight at three regulated entities.
The FHFA indicated the RFI would focus on executive compensation offered at Fannie Mae and Freddie Mac, as well as the Federal Home Loan Banks under the Housing and Community Development Act of 1992 and Housing and Economic Recovery Act of 2008 requirements.
“The information gathered from the RFI will help FHFA ensure transparent and appropriate executive compensation policies at the regulated entities,” FHFA Director Mark Calabria said. “Compensation policies must balance the need for FHFA’s regulated entities to attract and retain talent while focusing on and fulfilling their core mission responsibilities. This review will be done in a way that emphasizes safety and soundness, protects taxpayers, and enhances financial stability in the housing system.”
The RFI’s scope involves 25 questions designed to improve the FHFA’s ability to fulfill its statutory responsibilities of ensuring regulated entities operate safely and fulfill their statutory missions, officials noted, in addition to limiting executive officers to reasonable and comparable compensation.
Feedback is being sought within 60 days of publication, no later than Aug. 9, 2021. Input should be submitted electronically or via mail to the Federal Housing Finance Agency.
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