Audits and Evaluations

2020

For Fiscal Year 2019, FHFA Did Not Always Follow its Policy for Employee Reimbursements and Stipends; FHFA’s Practice for Calculating Employee Travel Stipends Was Not Stated in its Policy Nor Consistently Followed (AUD-2020-007) -
Despite FHFA’s Recognition of Significant Risks Associated with Fannie Mae’s and Freddie Mac’s High-Risk Models, its Examination of Those Models Over a Six Year Period Has Been Neither Rigorous nor Timely (EVL-2020-001) -
FHFA’s Procurement Awards during the Period January 2017 to September 2019 Followed Most of its Acquisition Policies and Procedures but Some Required Internal Peer Reviews Were Not Performed (AUD-2020-006) -
FHFA's 2019 Disaster Recovery Exercise of its General Support System Was Conducted as Planned, But its Disaster Recovery Procedures Were Missing Certain Required Elements and Included Outdated Information (AUD-2020-005) -
Despite Prior Commitments, FHFA Has Not Implemented a Systematic Workforce Planning Process to Determine Whether Enough Qualified Examiners are Available to Assess the Safety and Soundness of Fannie Mae and Freddie Mac (AUD-2020-004) -
FHFA Complied with Applicable Improper Payment Requirements for Fiscal Year 2019 (AUD-2020-003) -

2019

Audit of the Federal Housing Finance Agency Office of the Inspector General’s Information Security Program (Fiscal Year 2019) (AUD-2020-002) -
Audit of the Federal Housing Finance Agency’s Information Security Program (Fiscal Year 2019) (AUD-2020-001) -
2019 Internal Penetration Test of FHFA’s Network and Systems (AUD-2019-014) -
FHFA Should Enhance Supervision of its Regulated Entities’ Cybersecurity Risk Management by Obtaining Consistent Cybersecurity Incident Data (EVL-2019-004) -
FHFA’s Completion of Planned Targeted Examinations of Freddie Mac Improved from 2016 through 2018, But Timeliness Remained an Issue (AUD-2019-013) -
FHFA’s Completion of Planned Targeted Examinations of Fannie Mae Improved from 2016 through 2018, But Timeliness Remained an Issue; With the June 2019 Issuance of the Single Security, FHFA Should Reassess its Supervision Framework for CSS (AUD-2019-012) -
FHFA Should Name an Ombudsman and Document the Office of the Ombudsman's Procedures (AUD-2019-011) -
Five Years After Issuance, Many Examination Modules Remain in Field Test; FHFA Should Establish Timelines and Processes to Ensure Timely Revision of Examiner Guidance (EVL-2019-003) -
Audit of FHFA's Government Purchase Card Program (October 1, 2018 - March 31, 2019) (AUD-2019-010) -
Audit of the Federal Housing Finance Agency's 2019 Privacy Program (AUD-2019-009) -
FHFA Conducted BSA/AML Program Examinations of 10 of 11 Federal Home Loan Banks During 2016-2018 in Accordance with its Guidelines, But Failed to Support a Conclusion in the Report of Examination for the Other Bank (AUD-2019-008) -
FHFA Complied with Applicable Improper Payment Requirements for Fiscal Year 2018 (AUD-2019-007) -
Fannie Mae Purchased Single-Family Mortgages, Including those Purchased through Master Agreements, in Accordance with Selected Credit Terms Set Forth in its Selling Guide for 2015-2017 (AUD-2019-006) -
FHFA’s Approval of Senior Executive Succession Planning at Freddie Mac Acted to Circumvent the Congressionally Mandated Cap on CEO Compensation (EVL-2019-002) -