Review the seven identified retained inactive obligations with remaining balances totaling $143,344 and close out and deobligate amounts tied to obligations that are no longer valid or needed.
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
Fair Housing and Equal Opportunity
- Status2018-FO-0004-008-MOpenClosed$143,344Funds Put to Better Use
Recommendations that funds be put to better use estimate funds that could be used more efficiently. For example, recommendations that funds be put to better use could result in reductions in spending, deobligation of funds, or avoidance of unnecessary spending.
Closed on October 29, 2019
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.