Fannie Mae and Freddie Mac have filed notice with the Securities and Exchange Commission warning that they might not be able to pay “deferred” compensation to executives if the GSEs fail to meet their 2015 conservatorship scorecard goals. Fannie, for instance, notes that the Federal Housing Finance Agency “will have the primary role” in determining whether the mortgage giant achieved its goals.None of the potentially affected executives are named in the separate SEC filings of the two. One former GSE regulator had this to say on the matter: “The purpose of the conservatorship scorecard is to drive performance. They are tied directly to GSE executive compensation.” According to the recently released 2015 scorecard, performance is based on a variety ...