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    Subject Term: "Credit risk"

    2 publications with a total of 2 open recommendations
    Director: Lawrance L. Evans, Jr.
    Phone: (202) 512-8678

    1 open recommendations
    Recommendation: To reduce uncertainty and provide FHFA sufficient direction for carrying out its responsibilities as conservator of the enterprises, Congress should consider legislation that establishes objectives for the future federal role in housing finance, including the structure of the enterprises, and a transition plan to a reformed housing finance system that enables the enterprises to exit conservatorship.

    Agency: Congress
    Status: Open

    Comments: As of April 13, 2017, Congress has not taken action on this matter. In its 2017 Oversight Plan, the House Financial Services Committee stated that "the Committee will examine proposals affecting the operations of Fannie Mae and Freddie Mac, including consolidating their business operations, winding down their legacy business commitments, and repealing their statutory charters."
    Director: Frank Rusco
    Phone: (202) 512-3841

    1 open recommendations
    Recommendation: To provide greater assurance that DOE is effectively monitoring its loans, the Secretary of Energy should direct the Executive Director of the Loan Programs Office to fully develop its organizational structure by staffing key monitoring positions.

    Agency: Department of Energy
    Status: Open

    Comments: As of April 2017, while the Loan Programs Office (LPO)had made some progress in filling key monitoring positions, several vacancies in the leadership of the Special Assets and Risk Management Divisions remained. LPO officials noted they were unlikely to fill any of these staffing vacancies given budget and program uncertainties.