HUD’s Office of Multifamily Housing Programs Can Improve Its Monitoring of Civil Rights Compliance
We audited the U.S.
The New York City Housing Authority Should Enhance Its Fraud Risk Management Practices
Departments are required by law to develop and maintain governance structures, controls, and processes to safeguard resources and assets. A robust fraud risk framework helps to ensure that programs fulfill their intended purpose and that funds are spent effectively.
LoanDepot.com Did Not Have a Sufficient Quality Control Program for FHA-Insured Loans
We audited loanDepot.com to evaluate its quality control (QC) program for originating and underwriting Single Family Federal Housing Administration (FHA)-insured loans. We selected loanDepot for review based on its loan volume and delinquency rate and because its rate of self-reporting loans to HUD when it identified fraud, material misrepresentations, and other material findings that it could not mitigate was below average for more than a 5-year period. We found that loanDepot’s QC program for originating and underwriting FHA-insured loans was not sufficient.
CMG Mortgage, Inc., Did Not Have a Sufficient Quality Control Program for FHA-Insured Loans
We performed an audit of CMG Mortgage, Inc., to evaluate its quality control (QC) program for originating and underwriting Single Family Federal Housing Administration (FHA)-insured loans. We selected CMG for review based on its loan volume and delinquency rate and because its rate of self-reporting loans to HUD when it identified fraud, material misrepresentations, and other material findings that it could not mitigate was below average for more than a 5-year period.We found that CMG’s QC program for originating and underwriting FHA-insured loans was not sufficient. 
The Boston Housing Authority Did Not Always Comply With HUD’s and Its Own Requirements for Its Public Housing Program Units
We audited the Boston Housing Authority’s public housing program to determine whether the physical condition of the Authority’s program units complied with the U.S. Department of Housing and Urban Development’s (HUD) and the Authority’s requirements.
Florida Home Rehabilitation & Reconstruction Program
HUD OIG is auditing the State of Florida’s home rehabilitation and reconstruction program. The State has spent majority of its funds for home rehabilitation and reconstruction activities; however, it has not completed a similar percentage of expected homes. Our audit objective is to assess (1) the State’s overall program progress and outcomes including the status of the funding, the number of homes assisted, and the cost of assistance, and (2) the workmanship quality of a sample of completed homes.