Advanced Search

Volume 14 - Number 2

January 24, 2014

FHFA-OIG: Fannie Overpaid for Inspections, Calls for Refunds

Fannie Mae’s process for paying for servicer property inspections has “significant control deficiencies,” prompting the official watchdog of the Federal Housing Finance Agency to conclude that additional agency oversight is required, according to a new report. The audit by the FHFA’s Office of Inspector General estimated that some 9.5 percent of claims for pre-foreclosure property inspections in 2011 and 2012 resulted in $5 million in overpayments by Fannie. GSE guidelines require servicers to perform a monthly inspection on all delinquent properties.

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.

Forgot your password?

Already subscribe but haven't registered for all the benefits of the website?


This biweekly covers the housing-related government-sponsored enterprises with experienced, expert analysis.



You can purchase this article for $50.00 without subscribing and always have access to it on

Pay Per View

Please contact Customer Service if you need assistance: 1-800-570-5744


After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


Housing Pulse