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Exportar
Date Issued

Government National Mortgage Association

  •  
    Status
      Open
      Closed
    2020-FO-0002-001-B

    Develop and implement policies and procedures to require a sufficiently granular decomposition analysis that can adequately explain the impact of all the model changes made.

  •  
    Status
      Open
      Closed
    2020-FO-0002-001-C

    Develop and implement policies and procedures or enhance or clarify, as appropriate, existing policies and procedures that will require additional analyses whenever thresholds are breached or other analyses indicate potential modeling issues.

  •  
    Status
      Open
      Closed
    2020-FO-0002-001-D

    Document the economic rationale behind unintuitive model coefficients to support that the unintuitive relationships are appropriate.

  •  
    Status
      Open
      Closed
    2020-FO-0002-001-E

    Document all model assumptions that are undocumented, providing the basis for any assumptions or decisions made when developing each model assumption.

  •  
    Status
      Open
      Closed
    2020-FO-0002-001-F

    Develop and implement policies and procedures to ensure compliance with model risk management guidance regarding adequate and well-documented model assumptions.

  •  
    Status
      Open
      Closed
    2020-FO-0002-001-G

    Develop and implement controls that ensure the updating of model documentation when model changes are made.

  •  
    Status
      Open
      Closed
    2020-FO-0002-001-H

    Improve model documentation by addressing the model documentation deficiencies cited in this report and narrowing or consolidating them into fewer pieces of documentation, as appropriate.

  •  
    Status
      Open
      Closed
    2020-FO-0002-001-I

    Formalize and define coding best practices within Ginnie Mae’s model governance framework.

  •  
    Status
      Open
      Closed
    2020-FO-0002-001-J

    Apply coding best practices during model development processes and add a control for reviewing model code for compliance with best practices.

  •  
    Status
      Open
      Closed
    2020-FO-0002-001-K

    Ensure that documentation is maintained to support reimbursable cost receivables recorded on Ginnie Mae’s financial statements or write off the reimbursable costs receivables that are not valid or cannot be supported.

  •  
    Status
      Open
      Closed
    2020-FO-0002-001-L

    Establish audit trails to ensure that supporting documentation can be easily traced and verified to the recorded transactions in the general ledger.

  •  
    Status
      Open
      Closed
    2020-FO-0002-002-A

    Establish and implement remedial action plans to document the implementation testing of the effectiveness of its internal control over financial reporting in accordance with OMB Circular A-123, appendix A.

  •  
    Status
      Open
      Closed
    2020-FO-0002-002-B

    Update its internal controls descriptions to reflect controls in place and implement monitoring activities to ensure that it carries out the controls and documents their performance and results.

  •  
    Status
      Open
      Closed
    2020-FO-0002-002-C

    Resolve the issues identified with the mastersubservicers to improve the data quality and timing of the raw data received for SLDB monthly processing and minimize manual adjustments.

  •  
    Status
      Open
      Closed
    2020-FO-0002-002-D

    Modify the standing operating procedures for the SLDB data quality checks that address mastersubservicer data deficiencies, data quality rules, and severity levels, to include periodic assessments of the appropriateness of the severity levels.

  •  
    Status
      Open
      Closed
    2020-FO-0002-002-E

    Review VAPE data validation procedures to improve preventive controls to determine the reasonableness of the inbound VAPE data before SLDB processing.

  •  
    Status
      Open
      Closed
    2020-FO-0002-002-F

    Implement the planned SLDB code fixes and enhancements to reduce future manual adjustments.

Chief Financial Officer

  •  
    Status
      Open
      Closed
    2020-FO-0003-001-A

    Ensure that all of the sampled amounts used for extrapolation in OCFO grant accrual validation estimates are properly supported with documentation that substantiates the amounts certified in the surveys.

  •  
    Status
      Open
      Closed
    2020-FO-0003-001-B

    Implement a refined accrual validation methodology, to include more comprehensive review procedures to substantiate the amounts certified by the grantee.

  •  
    Status
      Open
      Closed
    2020-FO-0003-001-C

    Review CPD’s grant accrual estimation methodology to ensure that all assumptions and variables used are properly supported and verifiable with the validation procedure.