FEDERAL

No. Recommendation Report Status
AUD-2013-007-8
To enhance Freddie Mac’s oversight
of its servicers, FHFA should perform
supervisory review and follow up to
ensure that Freddie Mac provides
information on escalated cases
received from servicers to internal
staff (the counterparty operational
risk evaluation team) responsible for
testing servicer performance.
Enhanced FHFA
Oversight Is
Needed to Improve
Mortgage Servicer
Compliance with
Consumer Complaint
Requirements
Recommendation
agreed to by FHFA;
implementation of
recommendation
pending.
AUD-2013-007-9
To improve its own oversight, FHFA
should develop and implement
FHFA examination guidance related
to enterprise implementation and
compliance with FHFA directives.
Enhanced FHFA
Oversight Is
Needed to Improve
Mortgage Servicer
Compliance with
Consumer Complaint
Requirements
Recommendation
agreed to by FHFA;
implementation of
recommendation
pending.
AUD-2013-006-1
To enhance its oversight of FHLBank
advances to insurance companies,
FHFA should pursue memoranda
of understanding allowing FHFA to
obtain confidential supervisory and
other regulatory information from the
insurance regulators of states in the
districts of those FHLBanks with the
highest concentrations of insurance
company lending—the FHLBanks of
Des Moines, Indianapolis, Topeka,
New York, and Cincinnati—to improve
FHFA’s ability to evaluate whether the
FHLBanks are adequately assessing
the condition and operations of their
insurance company members.
FHFA Can Enhance
Its Oversight of
FHLBank Advances to
Insurance Companies
by Improving
Communication with
State Insurance
Regulators and
Standard-Setting
Groups
Recommendation
agreed to by FHFA;
implementation of
recommendation
pending.
AUD-2013-006-2
To enhance its oversight of FHLBank
advances to insurance companies,
FHFA should seek to participate
in regular meetings of relevant
National Association of Insurance
Commissioners working groups to
gather information on current and
developing issues relevant to the
FHLBanks.
FHFA Can Enhance
Its Oversight of
FHLBank Advances to
Insurance Companies
by Improving
Communication with
State Insurance
Regulators and
Standard-Setting
Groups
Closed—Final action
taken by FHFA.
90 Federal Housing Finance Agency Office of Inspector General