The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General audited the City of Minot, ND’s Community Development Block Grant (CDBG) Disaster Recovery program because the City was awarded more than $67 million in CDBG Disaster Recovery funds in April 2012 and an additional $35 million in May 2013. Before our audit, the City had spent more than $26 million and $1.3 million, respectively. In addition, we had not...
Marzo 13, 2015
The Housing Authority of the City of Spartanburg, SC, Used HUD Program Funds for Ineligible Expenses
We audited the public housing program of the Housing Authority of the City of Spartanburg, SC, because of a citizen’s complaint. Our objective was to determine whether the Authority’s performance in the areas of financial operations, procurement, and inventory practices met HUD requirements. The Authority used HUD program funds for ineligible or unsupported expenses, and failed to maintain an accurate accounting and financial control system. ...
Septiembre 30, 2014
Improvements Are Needed Over Environmental Reviews of Public Housing and Recovery Act Funds in the Columbia Office
We audited the U.S. Department of Housing and Urban Development’s (HUD) Columbia, SC Office of Public Housing as part of a nationwide audit of HUD’s oversight of environmental reviews. We selected the Columbia Office based on our risk assessment. Our audit objectives were to determine whether the Columbia Office ensured that it performed the required reviews and did not release funds until all requirements were met and required documents were...
Junio 19, 2014
As part of the Office of Inspector General’s (OIG) nationwide effort to review the foreclosure practices of the five largest Federal Housing Administration (FHA) mortgage servicers (Bank of America, Wells Fargo Bank, CitiMortgage, JP Morgan Chase, and Ally Financial, Incorporated) we reviewed Wells Fargo’s foreclosure and claims processes. In addition to this memorandum, OIG issued separate memorandums for each of the other four reviews. OIG...
Marzo 12, 2012
Five Star Services, Inc., Fargo, ND, Did Not Submit Monthly Accounting Reports and Section 236 Excess Income Reports to HUD
The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General, audited Five Star based upon a request from the HUD Denver Office of Multifamily Housing. The objective of our audit was to determine whether Five Star submitted the required monthly accounting and Section 236 excess income reports to HUD. Five Star did not submit required monthly accounting reports and Section 236 excess income reports to HUD. It...
Noviembre 02, 2011
Wells Fargo Home Mortgage, Fort Mill, SC, Did Not Always Approve FHA-HAMP Loans or Trial Plans in Accordance With Rules and Regulations
We performed a limited review of Wells Fargo Home Mortgage (Wells Fargo) as a result of our internal audit of the Federal Housing Administration’s (FHA) Home Affordable Modification Program (HAMP). During the audit, we visited Wells Fargo and reviewed a limited number of loans to determine whether the National Servicing Center implemented and operated FHA-HAMP in accordance with rules and regulations. Our objective for this limited review was...
Junio 07, 2011