Tuesday - October 15, 2024
Federal Housing Finance Agency IG: 'DER's Supervision & Oversight of Enterprises' Purchases of Single-Family Loans in Special Flood Hazard Zone Areas Were Effective'
October 08, 2024
WASHINGTON, Oct. 8 (TNSrep) -- The Federal Housing Finance Agency Inspector General issued the following audit report (No. AUD-2024-009) on Sept. 18, 2024, entitled "DER's Supervision and Oversight of the Enterprises' Purchases of Single-Family Loans in Special Flood Hazard Zone Areas Were Effective, But Improvements Are Needed."

Here are excerpts:

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EXECUTIVE SUMMARY

PURPOSE

Floods are the most common and costly natu . . .

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