Notify OCFO to disregard Ginnie Mae’s previously provided FMFIA and FFMIA assurance statements and issue corrected FMFIA and financial management system OMB A-123, appendix D (FFMIA), assurance statements that reflect Ginnie Mae’s noncompliance with FFMIA.
2018-FO-0004 | November 13, 2017
Additional Details To Supplement Our Fiscal Years 2017 and 2016 (Restated) U.S. Department of Housing and Urban Development Financial Statement Audit
Government National Mortgage Association
- Status2018-FO-0004-010-AOpenClosedClosed on February 23, 2018
2018-FO-0002 | November 13, 2017
Audit of the Government National Mortgage Association’s Financial Statements for Fiscal Years 2017 and 2016 (Restated)
Government National Mortgage Association
- Status2018-FO-0002-002-AOpenClosedClosed on June 10, 2019
Require its mission support contractors to submit a capitalization report and other supporting documentation in a timely manner, which would allow Ginnie Mae to record fixed asset activities during the proper period.
2017-KC-0008 | September 20, 2017
Ginnie Mae Did Not Adequately Respond to Changes in Its Issuer Base
Government National Mortgage Association
- Status2017-KC-0008-001-AOpenClosedClosed on June 11, 2019
Develop and implement controls to ensure that policies and procedures for account executives are continually reviewed and updated to reflect changes in Ginnie Mae’s operations.
- Status2017-KC-0008-001-BOpenClosedClosed on July 02, 2019
Develop and implement controls to review issuers to determine the total impact of a large or multiple-issuer default, the maximize-size default Ginnie Mae can adequately execute, and an issuer’s ability to adapt to changing market conditions.
- Status2017-KC-0008-001-COpenClosedClosed on June 11, 2019
Develop and implement controls to continually assess skills required to meet organizational goals to include a plan to prioritize resources to accommodate changing organizational needs.
- Status2017-KC-0008-001-DOpenClosedClosed on June 11, 2019
Develop and implement training programs to ensure that employee skill levels are developed to meet changing organizational needs to include secondary market training.