FEDERAL
Sixth Semiannual Report to the Congress - Federal Housing ...
Sixth Semiannual Report to the Congress - Federal Housing ...
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No. Recommendation Report Status<br />
AUD-2012-008-4<br />
FHFA should develop a methodology<br />
and process for conservator review<br />
of proposed mortgage pool policy<br />
commutations to ensure that there is a<br />
documented, sound basis for any pool<br />
policy commutations executed in the<br />
future.<br />
FHFA’s Conservator<br />
Approval Process<br />
for Fannie Mae and<br />
Freddie Mac Business<br />
Decisions<br />
Closed—Final action<br />
taken by FHFA.<br />
AUD-2012-008-5<br />
FHFA should complete actions to<br />
establish a governance structure at<br />
Fannie Mae for obtaining conservator<br />
approval of counterparty risk limit<br />
increases.<br />
FHFA’s Conservator<br />
Approval Process<br />
for Fannie Mae and<br />
Freddie Mac Business<br />
Decisions<br />
Closed—Final action<br />
taken by FHFA.<br />
AUD-2012-008-6<br />
FHFA should establish a clear<br />
timetable and deadlines for enterprise<br />
submission of transactions to FHFA for<br />
conservatorship approval.<br />
FHFA’s Conservator<br />
Approval Process<br />
for Fannie Mae and<br />
Freddie Mac Business<br />
Decisions<br />
Closed—Final action<br />
taken by FHFA.<br />
AUD-2012-008-7<br />
FHFA should develop criteria for<br />
conducting business case analyses<br />
and substantiating conservator<br />
decisions.<br />
FHFA’s Conservator<br />
Approval Process<br />
for Fannie Mae and<br />
Freddie Mac Business<br />
Decisions<br />
Closed—Final action<br />
taken by FHFA.<br />
AUD-2012-008-8<br />
FHFA should issue a directive to<br />
the enterprises requiring them to<br />
notify FHFA of any deviation from any<br />
previously reviewed action so that FHFA<br />
may consider the change and revisit its<br />
conservatorship decision.<br />
FHFA’s Conservator<br />
Approval Process<br />
for Fannie Mae and<br />
Freddie Mac Business<br />
Decisions<br />
Closed—Final action<br />
taken by FHFA.<br />
AUD-2012-008-9<br />
FHFA should implement a riskbased<br />
examination plan to review<br />
the enterprises’ execution of and<br />
adherence to conservatorship<br />
decisions.<br />
FHFA’s Conservator<br />
Approval Process<br />
for Fannie Mae and<br />
Freddie Mac Business<br />
Decisions<br />
Recommendation<br />
agreed to by FHFA;<br />
implementation of<br />
recommendation<br />
pending.<br />
AUD-2012-006-1<br />
FHFA’s Deputy Director of the Division<br />
of Enterprise Regulation (DER) and<br />
Office of Financial Analysis’ Senior<br />
Associate Director should ensure that<br />
the agency analyzes opportunities<br />
to use call report system (CRS)<br />
information to facilitate supervision<br />
and regulation of the enterprises.<br />
FHFA’s Call Report<br />
System<br />
Closed—Final action<br />
taken by FHFA.<br />
94 Federal Housing Finance Agency Office of Inspector General