Suit says Countrywide, later purchased by Bank of America, ran a 'Hustle' that led to losses taxpayers shouldered.
AgencyOIG audited the process for approving decisions after the FHFA delegated most of its conservatorship authority back to the enterprises in November 2008.
Lenders in streamlined refinance programs, including HARP, will be eligible for relief after an acceptable payment history of only 12 months.
The continued high volume of HARP loans is attributed to record-low mortgage rates and program enhancements.
FHFA seeking comment on possibility of allowing seizure, sale of residential mortgages.
Sept. 10 online discussion is on guidance and compliance issues related to the Servicemembers Civil Relief Act.
New guidelines permit some homeowners with a Fannie Mae or Freddie Mac mortgage to sell their home in a short sale even if current.
Some banks easing underwriting standards for large firms but small business requirements remain the same.
FHFA said it has postponed but not killed idea of principal of forgiveness for Fannie and Freddie loans.
The trades last week came out against principal forgiveness, an idea floated by Federal Housing Finance Agency Director Edward DeMarco. Political observers, however, noted that he has long been opposed to debt forgiveness and may be simply responding to consistent pressure from the Democratic Party.