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Report File
Date Issued
Submitting OIG
Federal Housing Finance Agency OIG
Other Participating OIGs
Federal Housing Finance Agency OIG
Agencies Reviewed/Investigated
Federal Housing Finance Agency
Report Number
AUD-2024-009
Report Type
Audit
Agency Wide
Yes
Number of Recommendations
3
Questioned Costs
$0
Funds for Better Use
$0

Open Recommendations

This report has 2 open recommendations.
Recommendation Number Significant Recommendation Recommended Questioned Costs Recommended Funds for Better Use Additional Details
AUD-2024-009-1 No $0 $0

FHFA should update examination manuals to include specific procedures to assess the Enterprises’ oversight of seller/servicers’ flood insurance compliance.

AUD-2024-009-2 No $0 $0

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.

Federal Housing Finance Agency OIG

United States