Fannie Mae-No Politics (FNMA)

[navycmdr]

FHFA watchdog finds lapses in conservatorship record-keeping

By Bonnie Sinnock - March 30, 2023, 4:19 p.m. EDT

The Federal Housing Finance Agency's watchdog asked the regulator to improve
its record keeping for decisions made as the government-sponsored enterprises'
conservator after finding shortcomings in a sample of 40 files.

"We found three decisions in our sample for which FHFA could not provide documentation
supporting the required FHFA director approval or required analysis supporting the decision,"
its inspector general's office said in a report issued Wednesday.

The issue stems from staff turnover, an issue the IG previously linked to oversight shortcomings
in government-sponsored enterprise compensation.

The Trump administration actively worked toward removing @FannieMae and @FreddieMac from conservatorship and the @FHFA’s current director has said it’s something she wants to prepare them for.

By @bcynichttps://t.co/WEmS1rg3qM

— National Mortgage News (@NatMortgageNews) March 31, 2023