Division of Federal Home Loan Bank Regulation Needs to Improve Controls Over Internal Model Risk
Summary
The FHFA Office of Inspector General issued audit AUD-2025-009 finding that the Division of Federal Home Loan Bank Regulation needs to improve controls over internal model risk. The audit examined whether the Division has adequate policies, procedures, and practices to effectively manage model risk associated with internal models used by the Federal Home Loan Banks. The OIG made recommendations for improving controls.
What changed
FHFA OIG completed audit AUD-2025-009 examining the Division of Federal Home Loan Bank Regulation's controls over internal model risk. The audit found that the Division needs to strengthen its policies, procedures, and practices for overseeing model risk at the Federal Home Loan Banks.
Affected parties including Federal Home Loan Banks and FHFA regulatory staff should be aware of the identified deficiencies and monitor for implementation of recommended improvements to model risk management controls.
What to do next
- Review audit findings and recommendations
- Monitor for FHFA management responses to recommendations
Archived snapshot
Apr 16, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
The Division of Federal Home Loan Bank Regulation Needs to Improve Controls Over Internal Model Risk
Date
Mon, 09/29/2025 - 12:00
Document ID AUD-2025-009 PDF AUD-2025-009.pdf
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