FHFA Examinations of CSS Include Review of the Board of Managers but Supervision Has a Key Person Dependency and Outdated Guidance

Submitting OIG:

Federal Housing Finance Agency OIG

Date Issued:

Tuesday, March 21, 2023

Agency Reviewed / Investigated:

Federal Housing Finance Agency

Submitting OIG-Specific Report Number:

EVL-2023-002

Location(s):

Agency-Wide

Type of Report:

Inspection / Evaluation

Questioned Costs:

Funds for Better Use:

Number of Recommendations:

View Document:

Attachment	Size
EVL-2023-002redacted.pdf	204.99 KB

Additional Details Link:

https://www.fhfaoig.gov/sites/default/files/EVL-2023-002_redacted.pdf

Related Open Recommendations

Recommendation Number	Recommendation Status	Significant Recommendation	Additional Details
EVL-2023-002-2	Open	No	FHFA Examinations of CSS Include Review of the Board of Managers but Supervision Has a Key Person Dependency and Outdated Guidan
FHFA should update and refine the 2016 CSS Module and other examination modules, as appropriate, in order to provide accurate examination guidance applicable to CSS examination activities.

Federal Housing Finance Agency OIG

Federal Housing Finance Agency

FHFA-OIG promotes economy, efficiency, and effectiveness and protects FHFA and the entities it regulates against fraud, waste, and abuse, contributing to the liquidity and stability of the nation’s housing finance system. We accomplish this mission by providing independent, relevant, timely, and transparent oversight of the Agency in order to promote accountability, integrity, economy, and efficiency; advising the Director of the Agency and Congress; informing the public; and engaging in robust enforcement efforts to protect the interests of the American taxpayers.

https://fhfaoig.gov/

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FHFA Examinations of CSS Include Review of the Board of Managers but Supervision Has a Key Person Dependency and Outdated Guidance

Related Open Recommendations