Washington Report

Advocacy Updates from Washington D.C.

FHFA Inspector General Reports on Mortgage Servicing Supervision

March 12, 2012

On March 7, 2012, the Federal Housing Finance Agency Office of Inspector General (FHFA-OIG) released a report on FHFA’s supervision of Freddie Mac. The report provides a detailed performance audit of FHFA’s oversight and supervisory control structures for monitoring mortgage servicing contractors. The audit recommends that FHFA: (1) enhance regulations and guidance to the enterprises on mortgage servicing contracting; (2) implements servicer performance metrics; and (3) improve coordination with other federal agencies with mortgage servicing oversight.