Audits and Evaluations

2026

FHFA Continues to Monitor and Assess the Adequacy of Fannie Mae’s Allowance for Loan Losses in Its Multifamily Line of Business (EVL-2026-001) -

2025

The Division of Federal Home Loan Bank Regulation Needs to Improve Controls Over Internal Model Risk (AUD-2025-009) -
FHFA Followed Federal Requirements in Supporting Its Decision for the Enterprises’ Use of Bi-Merge Credit Reporting (AUD-2025-008) -
Vulnerabilities in FHFA’s Public-Facing Systems Risk Unauthorized Access to Non-Public Data (AUD-2025-007) -
FHFA and FHLBank Coordination with Regulators Improved After the Spring 2023 Bank Failures, but Several FHLBanks Faced Challenges Obtaining Timely Supervisory Information (EVL-2025-005) -
DHMG’s Oversight of the Enterprises’ Compliance with Duty to Serve Requirements Was Not Fully Effective Due to Incomplete Evaluation Documentation and Outdated Guidance (AUD-2025-005) -
Audit of the Federal Housing Finance Agency’s Privacy and Data Protection Program Fiscal Year 2025 (AUD-2025-006) -
Audit of the Federal Housing Finance Agency’s Information Security Programs and Practices Fiscal Year 2025 (AUD-2025-004) -
DBR’s Oversight Was Sufficient to Ensure That FHLBanks Managed Mortgage Servicer Risks But Examiners Did Not Follow Steps Outlined in Its 2023 Supervisory Priorities (AUD-2025-003) -
FHFA’s Controls Over Background Investigations and Adjudications Were Ineffective (AUD-2025-002) -
DBR Provided Sufficient Oversight of the FHLBanks’ Use of Market Risk Modeling (AUD-2025-001) -
FHFA Has Taken Supervisory Actions to Address Multifamily Risk Management Deficiencies at Freddie Mac, but Current Market Conditions Present Challenges (EVL-2025-002) -

2024

Freddie Mac Did Not Follow State Instructions When Filing Complaints Against Residential Real Estate Appraisers (EVL-2025-001) -
DBR Provided Sufficient Oversight of the Federal Home Loan Banks’ Mortgage Programs (AUD-2024-011) -
FHFA’s Disaster Recovery Exercise for Its General Support System Needs Improvement (AUD-2024-010) -
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 (AUD-2024-009) -
DBR Provided Sufficient Oversight of the Office of Finance’s Debt Issuance and Debt Servicing Functions (AUD-2024-008) -
FHFA Could Enhance Its Supervision of the Federal Home Loan Banks by Incorporating Lessons Learned from the Spring 2023 Bank Failures (EVL-2024-003) -
FHFA’s Security Controls Were Not Effective to Protect Its Network and Systems Against Internal Threats (AUD-2024-007) -
Audit of the Federal Housing Finance Agency’s Information Security Programs and Practices Fiscal Year 2024 (AUD-2024-006) -