Federal Housing Finance Agency

Source Id

350

FHFA’s Failure to Define and Clearly Communicate “Supervisory Concerns” Hinders the Enterprise Boards’ Ability to Execute Their Oversight Obligations Under FHFA’s Corporate Governance Regulation and Renders the Regulation Ineffective as a Supervisory Tool

03/30/2021

2021

EVL-2021-003

Inspection / Evaluation

Federal Housing Finance Agency OIG

Federal Housing Finance Agency

Read more about FHFA’s Failure to Define and Clearly Communicate “Supervisory Concerns” Hinders the Enterprise Boards’ Ability to Execute Their Oversight Obligations Under FHFA’s Corporate Governance Regulation and Renders the Regulation Ineffective as a Supervisory Tool

Despite FHFA’s Acknowledgement that Enterprise Reliance on Third-Parties Represents a Significant Operational Risk, No Targeted Examinations of Fannie Mae’s Third-Party Risk Management Program Were Completed Over a Seven-Year Period

03/29/2021

2021

AUD-2021-007

Audit

Federal Housing Finance Agency OIG

Federal Housing Finance Agency

Read more about Despite FHFA’s Acknowledgement that Enterprise Reliance on Third-Parties Represents a Significant Operational Risk, No Targeted Examinations of Fannie Mae’s Third-Party Risk Management Program Were Completed Over a Seven-Year Period

Audit of an FHFA Sensitive Employment-Related Case Tracking System: FHFA Followed its Access Control Standard, But its System Is Adversely Impacted by Two Security Control Weaknesses

03/29/2021

2021

AUD-2021-006

Audit

Federal Housing Finance Agency OIG

Federal Housing Finance Agency

Read more about Audit of an FHFA Sensitive Employment-Related Case Tracking System: FHFA Followed its Access Control Standard, But its System Is Adversely Impacted by Two Security Control Weaknesses

Disaster Risk for Enterprise Single-Family Mortgages

03/23/2021

2021

WPR-2021-004

Other

Federal Housing Finance Agency OIG

Federal Housing Finance Agency

Read more about Disaster Risk for Enterprise Single-Family Mortgages

Landscape Report: Survey of the Impact of the SolarWinds Orion Supply Chain Compromise on FHFA and its Regulated Entities

03/23/2021

2021

OIG-2021-001

Other

Federal Housing Finance Agency OIG

Federal Housing Finance Agency

Read more about Landscape Report: Survey of the Impact of the SolarWinds Orion Supply Chain Compromise on FHFA and its Regulated Entities

FHFA’s Failure to Include the Financial Crimes and Model Components in its CSS Risk Assessment Is Inconsistent with a Risk-Based Approach to Supervision

03/23/2021

2021

AUD-2021-005

Audit

Federal Housing Finance Agency OIG

Federal Housing Finance Agency

Read more about FHFA’s Failure to Include the Financial Crimes and Model Components in its CSS Risk Assessment Is Inconsistent with a Risk-Based Approach to Supervision

For Nine Years, FHFA Has Failed to Take Timely and Decisive Supervisory Action to Bring Fannie Mae into Compliance with its Prudential Standard to Ensure Business Resiliency

03/22/2021

2021

EVL-2021-002

Inspection / Evaluation

Federal Housing Finance Agency OIG

Federal Housing Finance Agency

Read more about For Nine Years, FHFA Has Failed to Take Timely and Decisive Supervisory Action to Bring Fannie Mae into Compliance with its Prudential Standard to Ensure Business Resiliency

Enterprise Business Resiliency: Risk Mitigation and Plan Development

03/22/2021

2021

WPR-2021-003

Other

Federal Housing Finance Agency OIG

Federal Housing Finance Agency

Read more about Enterprise Business Resiliency: Risk Mitigation and Plan Development

Update on Enterprise Transition from LIBOR to an Alternative Index for Single-Family ARMs

03/17/2021

2021

WPR-2021-002

Other

Federal Housing Finance Agency OIG

Federal Housing Finance Agency

Read more about Update on Enterprise Transition from LIBOR to an Alternative Index for Single-Family ARMs

FHFA Followed OMB Guidance in Implementing its Enterprise Risk Management Program But its 2020 Risk Profile Failed to Identify a Significant Action Underway to Address Acknowledged Supervision Risk

03/17/2021

2021

AUD-2021-004

Audit

Federal Housing Finance Agency OIG

Federal Housing Finance Agency

Read more about FHFA Followed OMB Guidance in Implementing its Enterprise Risk Management Program But its 2020 Risk Profile Failed to Identify a Significant Action Underway to Address Acknowledged Supervision Risk

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