A preforeclosure sale allows an FHA borrower in default to sell his or her home at fair market value and use the sales proceeds to satisfy the mortgage debt, even … READ MORE
Department of Housing and Urban Development
HUD Did Not Comply With Improper Payments For Fifth Consecutive Year
FY 2017 marked the fifth consecutive year that OIG has reported HUD’s noncompliance with improper payment requirements. What's most troubling is that since 2014, the Government Accountability Office (GAO) has … READ MORE
FHA Insured $1.9 Billion in Loans to Borrowers Barred by Federal Requirements
The Department of Housing and Urban Development (HUD), Office of Inspector General (OIG) audited the Federal Housing Administration's (FHA) insured loans to find out whether FHA insured loans to "borrowers with … READ MORE
HUD OIG: CPD Did Not Follow the Departmental Clearance Process When It Issued the July 25, 2013, Guidance for Duplication of Benefits Requirements
The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General audited HUD’s Office of Community Planning and Development’s (CPD) process for making changes to its programs, policies, … READ MORE
HUD OIG: Compliance With the Improper Payments Elimination and Recovery Act
Fiscal year 2015 marked the third consecutive year that OIG has reported HUD’s noncompliance with IPERA. Areas of noncompliance were related to HUD’s failure to (1) conduct its annual risk … READ MORE
HUD OIG: U.S. Department of Housing and Urban Development FY 2015 and 2014 Consolidated Financial Statements Audit
HUD's OIG audit report contains nine material weaknesses, eight significant deficiencies in internal controls and six instances of non compliance with applicable laws and regulations. These weaknesses were due to … READ MORE