HUD OIG is auditing HUD’s oversight of Federal Housing Administration (FHA) refunds. FHA insures mortgages to increase homeownership opportunities. An upfront insurance premium, paid at the time of closing, is refundable if the loan ends early, whether through sale, foreclosure, or refinancing. We received a hotline complaint describing roadblocks to obtaining refunds. The audit objective is to determine whether the hotline complaint had merit and if HUD is appropriately and efficiently tracking, monitoring, and issuing FHA refunds due to borrowers of terminated FHA loans.