FEDERAL

No. Recommendation Report Status
AUD-2013-004-1
FHFA should update its examination
guide (Supervision Reference and
Procedures Manual, Credit Risk-
Multifamily), in consideration of
industry standards, to include
qualitative guidance for examiners to
follow when determining the sampling
size and testing coverage of loan files.
FHFA’s Oversight of
the Asset Quality of
Multifamily Housing
Loans Financed by
Fannie Mae and
Freddie Mac
Recommendation
agreed to by FHFA;
implementation of
recommendation
pending.
AUD-2013-004-2
FHFA should require examiners to
maintain documentation adequate to
support adherence to the sampling
methodology developed in the updated
examination guide.
FHFA’s Oversight of
the Asset Quality of
Multifamily Housing
Loans Financed by
Fannie Mae and
Freddie Mac
Recommendation
agreed to by FHFA;
implementation of
recommendation
pending.
AUD-2013-002-1
The FHFA contracting officer should
review the total unallowable payments
of $256,343 made to Advanced
Technology Systems, Inc. (ATSC), under
the contract/task order and recapture
the amounts identified as not allocable
($21,329), unreasonable ($47,743),
and unsupportable ($187,271).
FHFA’s Oversight of
Contract No. FHF-
10-F-0007 with
Advanced Technology
Systems, Inc.
Recommendation
agreed to by FHFA;
implementation of
recommendation
pending.
AUD-2013-002-2
The FHFA contracting officer should
determine whether additional
corrective actions are warranted to
recapture additional unreasonable
costs billed by ATSC to FHFA after
November 2011. (OIG did not review
charges submitted after November 30,
2011.)
FHFA’s Oversight of
Contract No. FHF-
10-F-0007 with
Advanced Technology
Systems, Inc.
Recommendation
agreed to by FHFA;
implementation of
recommendation
pending.
AUD-2013-002-3
The FHFA contracting officer’s
representative should revisit this
contract/task order and perform the
necessary analysis to ensure that
ATSC employees had the education
background and experience as
required under the General Services
Administration master contract.
The FHFA contracting officer should
recapture all expenses, when
applicable, paid to the contractor for
employees working in positions without
proper qualifications.
FHFA’s Oversight of
Contract No. FHF-
10-F-0007 with
Advanced Technology
Systems, Inc.
Recommendation
partially agreed to by
FHFA; implementation
of recommendation
pending.
Semiannual Report to the Congress • April 1, 2013–September 30, 2013 91