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Sixth Semiannual Report to the Congress - Federal Housing ...

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Section 3: Lessons for Housing Finance Reform: Five Years After the Federal<br />

Government’s Takeover of Fannie Mae and Freddie Mac 52<br />

Introduction 52<br />

Context: Reforms and Reformers 52<br />

Soundness: Lessons from the Past 54<br />

Oversight: Lessons of the Present 61<br />

Balance: Lessons for the Future 64<br />

Conclusion 70<br />

Appendix A: Glossary and Acronyms 72<br />

Appendix B: OIG Recommendations 84<br />

Appendix C: Information Required by the Inspector General Act and<br />

Subpoenas Issued 106<br />

Appendix D: OIG Reports 109<br />

Appendix E: OIG Organizational Chart 110<br />

Appendix F: Description of OIG Offices and Strategic Plan 111<br />

Appendix G: Figure Sources 114<br />

Appendix H: Endnotes 118<br />

Semiannual Report to the Congress • April 1, 2013–September 30, 2013 iii

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