Hot off the press (or the Internet and your printer) a new report from Office of Inspector General at DHS titled Major Management and Performance Challenges Facing the Dept. of Homeland Security.
The Diva has just skimmed it and did not see a mention of FEMA until page 14 of the 41 page report. There are some interesting details about FEMA on pages 14 and 15. And I recommend Appendix A for a nice listing of Relevant Reports.
UPDATE: On Nov. 18, the Wash Post published this article: Growing pains continue for Department of Homeland Security, report shows