IG Reiterates Concerns About FHFA Oversight of Fannie And Freddie, Probes Servicing and Production Activities
December 15, 2011
The Inspector General assigned to watch the Federal Housing Finance Agency is actively investigating possible fraud in mortgage securitization, loan origination, servicing and loss mitigation activities, the IG said during a hearing in the Senate Banking, Housing and Urban Affairs Committee this week. FHFA Inspector General Steve Linick reiterated observations in his organizations semiannual report released last week that the FHFA sometimes shows undue deference to the government-sponsored enterprises and has not always been as proactive in its oversight as it should have...