Pursuit's Take
Rural Development officials improperly reimbursed lenders for losses on over 75 percent of the claims in our statistical random sample.
As a result, Rural Development overpaid lenders more than $87,00077 on 77 of the 102 claims we reviewed. We project that, across the program, Rural Development overpaid $6.28 million, related to 6,60779 claims submitted by lenders for loss reimbursement.