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FHFA Needs to Strengthen Controls Over its Records Management Program to Comply with OMB and NARA Requirements

  • Author(s):
  • Marla A. Freedman

The Housing and Economic Recovery Act of 2008 created and charged the Federal Housing Finance Agency (FHFA) with the supervision of Fannie Mae and Freddie Mac (together, the Enterprises), the Federal Home Loan Banks (collectively, the regulated entities), and the FHLBanks’ fiscal agent, the Office of Finance. Since 2008, FHFA has also served as conservator of the Enterprises.

The National Archives and Records Administration (NARA) is responsible for overseeing and setting standards for Federal agencies’ records management programs and practices. In a joint directive issued in August 2012, the Office of Management and Budget (OMB) and NARA established two electronic records management goals applicable to all Federal agencies. These goals were reaffirmed in June 2019.

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Website:Visit Publisher Website
Publisher:Federal Housing Finance Agency
Published:March 26, 2020
License:Public Domain

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