Audits and Evaluations

2018

DBR’s Safety and Soundness Quality Control Reviews Were Conducted in Compliance with FHFA’s Standard During the 2017 Examination Cycle but DBR’s Community Investment Quality Control Reviews Were Not (AUD-2018-010) -
FHFA Complied with Applicable Improper Payment Requirements During Fiscal Year 2017 (AUD-2018-009) -
FHFA Failed to Ensure Freddie Mac’s Remedial Plans for a Cybersecurity MRA Addressed All Deficiencies; as Allowed by its Standard, FHFA Closed the MRA after Independently Determining the Enterprise Completed its Planned Remedial Actions (AUD-2018-008) -
As Allowed by its Standard, FHFA Closed Three Fannie Mae Cybersecurity MRAs after Independently Determining the Enterprise Completed its Planned Remedial Actions (AUD-2018-007) -
FHFA’s Adoption of Clear Guidance on the Review of the Enterprises’ Internal Audit Work When Assessing the Sufficiency of Remediation of Serious Deficiencies Would Assist FHFA Examiners (EVL-2018-003) -
FHFA Requires the Enterprises’ Internal Audit Functions to Validate Remediation of Serious Deficiencies but Provides No Guidance and Imposes No Preconditions on Examiners’ Use of that Validation Work (EVL-2018-002) -
FHFA Completed its Planned Procedures for a 2016 Representation and Warranty Framework Targeted Examination at Freddie Mac, but the Supporting Workpapers Did Not Sufficiently Document the Examination Work (AUD-2018-006) -
FHFA Completed its Planned Procedures for a 2015 Representation and Warranty Framework Targeted Examination at Fannie Mae, but Did Not Document a Change to Planned Testing (AUD-2018-005) -
Audit of FHFA’s Oversight of Freddie Mac’s Compliance with the Required Risk Mitigants of Automated Underwriting, Mortgage Insurance, and Homeownership Education for its Purchases of Mortgages with a 97% LTV (AUD-2018-004) -
Audit of FHFA’s Oversight of Fannie Mae’s Compliance with the Required Risk Mitigants of Automated Underwriting, Mortgage Insurance, and Homeownership Education for its Purchases of Mortgages with a 97% LTV (AUD-2018-003) -
Corporate Governance: Review and Resolution of Conflicts of Interest Involving Fannie Mae’s Senior Executive Officers Highlight the Need for Closer Attention to Governance Issues by FHFA (EVL-2018-001) -

2017

Performance Audit of the Federal Housing Finance Agency Office of Inspector General’s Information Security Program Fiscal Year 2017 (AUD-2018-002) -
Performance Audit of the Federal Housing Finance Agency’s Information Security Program Fiscal Year 2017 (AUD-2018-001) -
FHFA Did Not Complete All Planned Supervisory Activities Related to Cybersecurity Risks at Freddie Mac for the 2016 Examination Cycle (AUD-2017-011) -
FHFA Failed to Complete Non-MRA Supervisory Activities Related to Cybersecurity Risks at Fannie Mae Planned for the 2016 Examination Cycle (AUD-2017-010) -
FHFA’s 2015 and 2016 Supervisory Activities, as Planned, Addressed Identified Risks with Freddie Mac’s New Representation and Warranty Framework (AUD-2017-009) -
FHFA’s 2015 Report of Examination to Fannie Mae Failed to Follow FHFA’s Standards Because it Reported on an Incomplete Targeted Examination of the Enterprise’s New Representation and Warranty Framework (AUD-2017-008) -
Performance Audit of the Federal Housing Finance Agency’s (FHFA) Privacy Program (AUD-2017-007) -
The Gap in FHFA’s Quality Control Review Program Increases the Risk of Inaccurate Conclusions in its Reports of Examination of Fannie Mae and Freddie Mac (EVL-2017-006) -
NPL Sales: Additional Controls Would Increase Compliance with FHFA’s Sales Requirements (AUD-2017-006) -