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The Housing and Economic Recovery Act of 2008 established an Office of Inspector General (OIG) within the Federal Housing Finance Agency (FHFA). The Inspector General Act of 1978, as amended, sets forth the functions and authorities of the FHFA OIG.
The FHFA OIG is established by law to provide independent and objective reporting to the FHFA Director, Congress, and the American people through its audit and investigative activities.
FHFA OIG’s mission is to promote the economy, efficiency, and effectiveness of FHFA’s programs; to prevent and detect fraud, waste, and abuse in FHFA’s programs; and to seek sanctions and prosecutions against those who are responsible for such fraud, waste, and abuse.