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Recommendation Details
Text of Recommendation
FHFA should update examination manuals to include specific procedures to assess the Enterprises’ oversight of seller/servicers’ flood insurance compliance.
Recommendation Number
AUD-2024-009-1
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
DER’s Supervision and Oversight of the Enterprises’ Purchases of Single-Family Loans in Special Flood Hazard Zone Areas Were Effective, But Improvements Are Needed