Examiners did not meet the requirements for making sure that one of the GSEs corrects serious deficiencies, according to the Federal Housing Finance Agency’s Office of Inspector General. In a recent report, the OIG said that there were certain instances where FHFA’s guidance “fell short.” The report noted that when the OIG reviewed whether examiners followed FHFA policy regarding an issue opened by a GSE in 2013, 30 months later the Matter Requiring Attention (MRA) remained unresolved. Among the shortcomings identified were the examiner’s acceptance of the GSE’s proposed remediation plan despite the fact it failed to address all of the issues in the division of enterprise regulation and not preparing an internal procedures plan to...