Volume 14 - Number 11
May 30, 2014
IG Audit Dings FHFA for CSP Project Risks After Two Years
Over roughly two years, Fannie Mae and Freddie Mac have spent about $65 million on the common securitization platform project, but without employing a timeline on the massive undertaking or a total cost estimate, according to a new report from the Inspector General of the Federal Housing Finance Agency. In its report, released last week, the IG notes that the regulator/conservator of the GSEs has yet to fully employ these “two basic project management tools,” which it deems critical to the project’s success.Although some progress has been made in developing the CSP, the project faces “considerable challenges that could undermine the project.”
Subscribers to Inside The GSEs have full access to all its stories and data online. Visitors may become subscribers for full access or may purchase individual articles and data.
Subscriber Log In
If you are a current subscriber or already purchased this article, please login below.
This biweekly covers the housing-related government-sponsored enterprises with experienced, expert analysis.
You can purchase this article for $55.00 without subscribing and always have access to it on insidemortgagefinance.com.
Please contact Customer Service if you need assistance: 1-800-570-5744