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Federal Housing Finance Agency I.G.: 'No Targeted Examinations of Fannie Mae's Third-Party Risk Management Program Were Completed'
March 30, 2021

WASHINGTON, March 30 -- The Federal Housing Finance Agency Inspector General issued the following audit report (No. AUD-2021-007) entitled "Despite FHFA's Acknowledgement that Enterprise Reliance on Third-Parties Represents a Significant Operational Risk, No Targeted Examinations of Fannie Mae's Third-Party Risk Management Program Were Completed Over a Seven-Year Period":

Here are excerpts:

Executive Summary

The Federal Housing Finance Agency (FHF . . .

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