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Recommendation Details
Text of Recommendation
FHFA should revise the December 2020 Operating Procedures Bulletin to establish specific guidance with respect to the circumstances under which DER expects examiners to follow examination procedures in the Work Programs.
Recommendation Number
OIG-2021-003-1
Recommendation Status
Closed
Significant Recommendation
No
Additional Information
This recommendation was reaffirmed in OIG's report, "FHFA’s Use of its Enterprise Examination Manual, in Practice, Does Not Align with its Goal of Promoting a Consistent Examination Approach or Meet Management’s Expectations" (AUD-2021-013, September 28, 2021).
Additional Details Link
https://www.fhfaoig.gov/sites/default/files/AUD-2021-013%20Enterprise%20Examinat…
Associated Report Details
Submitting OIG
Federal Housing Finance Agency OIG
Linked Report
FHFA Must Resolve the Conflicts in its Guidance for Examinations of the Enterprises to Meet its Commitment to Develop and Maintain a World Class Supervision Program