| FHFA Examiners’ Lack of Assessment and Escalation of Shortcomings Identified by an Enterprise in its Servicer Fraud Risk Management Framework Limited the Agency’s Supervisory Oversight |
EVL-2020-002 |
2020-08-27 |
| 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 |
2020-03-25 |
| FHFA Should Enhance Supervision of its Regulated Entities’ Cybersecurity Risk Management by Obtaining Consistent Cybersecurity Incident Data |
EVL-2019-004 |
2019-09-23 |
| 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 |
2019-09-10 |
| FHFA’s Approval of Senior Executive Succession Planning at Freddie Mac Acted to Circumvent the Congressionally Mandated Cap on CEO Compensation |
EVL-2019-002 |
2019-03-26 |
| FHFA’s Approval of Senior Executive Succession Planning at Fannie Mae Acted to Circumvent the Congressionally Mandated Cap on CEO Compensation |
EVL-2019-001 |
2019-03-26 |
| FHFA Should Re-evaluate and Revise Fraud Reporting by the Enterprises to Enhance its Utility |
EVL-2018-004 |
2018-09-24 |
| FHFA’s Adoption of Clear Guidance on the Review of the Enterprises’ Internal Audit Work When Assessing the Sufficiency of Remediation of Serious Deficiencies Would Assist FHFA Examiners |
EVL-2018-003 |
2018-03-28 |
| FHFA Requires the Enterprises’ Internal Audit Functions to Validate Remediation of Serious Deficiencies but Provides No Guidance and Imposes No Preconditions on Examiners’ Use of that Validation Work |
EVL-2018-002 |
2018-03-28 |
| Corporate Governance: Review and Resolution of Conflicts of Interest Involving Fannie Mae’s Senior Executive Officers Highlight the Need for Closer Attention to Governance Issues by FHFA |
EVL-2018-001 |
2018-01-31 |
| The Gap in FHFA’s Quality Control Review Program Increases the Risk of Inaccurate Conclusions in its Reports of Examination of Fannie Mae and Freddie Mac |
EVL-2017-006 |
2017-08-17 |
| FHFA’s Practice for Rotation of its Examiners Is Inconsistent between its Two Supervisory Divisions |
EVL-2017-004 |
2017-03-28 |
| FHFA’s Examinations Have Not Confirmed Compliance by One Enterprise with its Advisory Bulletins Regarding Risk Management of Nonbank Sellers and Servicers |
EVL-2017-002 |
2016-12-21 |
| FHFA’s Use of Inconsistent Criteria Materially Affected its Reporting of Remediation of Serious Deficiencies in its 2015 Performance and Accountability Report |
EVL-2017-001 |
2016-11-09 |
| FHFA Failed to Consistently Deliver Timely Reports of Examination to the Enterprise Boards and Obtain Written Responses from the Boards Regarding Remediation of Supervisory Concerns Identified in those Reports |
EVL-2016-009 |
2016-07-14 |
| FHFA's Failure to Consistently Identify Specific Deficiencies and Their Root Causes in Its Reports of Examination Constrains the Ability of the Enterprise Boards to Exercise Effective Oversight of Management's Remediation of Supervisory Concerns |
EVL-2016-008 |
2016-07-14 |
| FHFA's Inconsistent Practices in Assessing Enterprise Remediation of Serious Deficiencies and Weaknesses in its Tracking Systems Limit the Effectiveness of FHFA's Supervision of the Enterprises |
EVL-2016-007 |
2016-07-14 |
| Corporate Governance: Cyber Risk Oversight by the Fannie Mae Board of Directors Highlights the Need for FHFA's Closer Attention to Governance Issues |
EVL-2016-006 |
2016-03-31 |
| FHFA's Supervisory Standards for Communication of Serious Deficiencies to Enterprise Boards and for Board Oversight of Management's Remediation Efforts are Inadequate |
EVL-2016-005 |
2016-03-31 |
| FHFA's Examiners Did Not Meet Requirements and Guidance for Oversight of an Enterprise's Remediation of Serious Deficiencies |
EVL-2016-004 |
2016-03-29 |
| FHFA Should Map Its Supervisory Standards for Cyber Risk Management to Appropriate Elements of the NIST Framework |
EVL-2016-003 |
2016-03-28 |
| Utility of FHFA’s Semi-Annual Risk Assessments Would Be Enhanced Through Adoption of Clear Standards and Defined Measures of Risk Levels |
EVL-2016-001 |
2016-01-04 |
| Intermittent Efforts Over Almost Four Years to Develop a Quality Control Review Process Deprived FHFA of Assurance of the Adequacy and Quality of Enterprise Examinations |
EVL-2015-007 |
2015-09-30 |
| FHFA’s Exercise of Its Conservatorship Powers to Review and Approve the Enterprises’ Annual Operating Budgets Has Not Achieved FHFA’s Stated Purpose |
EVL-2015-006 |
2015-09-30 |
| FHFA’s Oversight of Governance Risks Associated with Fannie Mae’s Selection and Appointment of a New Chief Audit Executive |
EVL-2015-004 |
2015-03-11 |
