FHFA Fails to Fully Review Desktop Appraisal Reports: OIG

Originally published on October 25, 2023, by the Federal Housing Finance Agency Office of Inspector General.

The Federal Housing Finance Agency has failed to adequately document desktop appraisal reports, and the lack of oversight can make it difficult to determine the effectiveness of the program and hinders the ability to detect trends or problems with the appraisals, the Office of Inspector General reported Oct. 25 in an audit of the FHFA's supervision of Fannie Mae's and Freddie Mac's use of desktop appraisals.


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