Stay Informed
of New Reports
Twitter
Where To Report Waste
Fraud, Abuse, Or Retaliation
Where To Report Waste Fraud, Abuse, Or Retaliation

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

Related Open Recommendations

Recommendation Number Recommendation Status Significant Recommendation Additional Details
AUD-2024-009-1 Open No
FHFA should update examination manuals to include specific procedures to assess the Enterprises’ oversight of seller/servicers’ flood insurance compliance.
AUD-2024-009-2 Open No
FHFA should ensure examiners perform and document examination activities to assess whether Freddie Mac implemented procedures reasonably designed to ensure that mortgage loans they purchase are covered by adequate flood insurance if the property is located in a Special Flood Hazard Area.
AUD-2024-009-3 Open No
FHFA should reinforce to examination staff through reminders, training, or other communication, their responsibilities under Examination Practices Bulletin 2014-01 to document the sampling methodology, Examiner-in-Charge approval, and testing or analysis results to support examination conclusions.
Displaying 3 of 3 Recommendations