OIG finds that the FHFA IT team failed to document changes to its procedures for responding to binding operational directives from the Department of Homeland Security.
Given the financial and political hurdles that stand in the way of releasing Fannie Mae and Freddie Mac from conservatorship, it may be only a second- or third-tier issue for the Trump administration.
The former chief housing advisor to the Treasury secretary during the first Trump administration will now oversee Freddie’s regulatory and conservatorship affairs operations.