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Recommendation Details
Text of Recommendation
FHFA should reiterate the requirements for documenting conservatorship decisions to all responsible offices. Further, DCOR should evaluate FHFA’s conservatorship decision document management practices and assess the feasibility of improvements such as implementing a pre-issuance quality control review of responsible offices’ conservatorship decision documentation and implementing a centralized conservatorship decision documentation management system.
Recommendation Number
AUD-2023-003-1
Recommendation Status
Open
Significant Recommendation
No
Recommendation Questioned Costs
$0
Recommendation Funds for Better Use
$0
Associated Report Details
Submitting OIG
Federal Housing Finance Agency OIG
Linked Report
FHFA Followed Its Guidance When Making Conservatorship Decisions But Needs to Improve Retention of Decision Documentation and Update the Conservatorship Decision Policy and Procedures