AUD-2025-005 - Recommendation AUD-2025-005-3

FHFA's DHMG Deputy Director should revise internal written guidance for the oversight of the Enterprises’ compliance with Duty to Serve requirements to incorporate up-to-date practices that include the following:
a. Review and approval procedures for assigning and documenting scores and ratings for evaluation of the Enterprises’ Plans and performance;
b. Review and approval procedures to ensure that DHMG accurately calculates annual evaluation scores and ratings;
c. Procedures for the practice and frequency of conducting routine meetings with the Enterprises and documenting and communicating results to relevant FHFA stakeholders; and
d. Procedures for the documentation and submission of quarterly monitoring reviews to relevant FHFA stakeholders.