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The U.S. Department of Housing and Urban Development Nondisclosure Agreements’ Incorporation of Whistleblower Protections

We obtained the U.S. Department of Housing and Urban Development’s (HUD) two nondisclosure policies and two nondisclosure forms applicable to HUD employees.  We also obtained 13 nondisclosure agreements between HUD and HUD employees.  The nondisclosure policies, forms, and agreements did not include the anti-gag provision as required by the Whistleblower Protection Enhancement Act (WPEA) of 2012.  HUD had not ensured that these nondisclosure policies, forms, and agreements included the anti-gag provision as required by law.

Ginnie Mae Concentration Risk Oversight

HUD OIG is conducting an audit of Ginnie Mae's portfolio and issuer oversight. According to a Ginnie Mae report issued in December 2024 , 88.97% of Ginnie Mae's approximately $2.6 trillion in guaranteed pooled loans are owned by 30 mortgage companies, of which 22 of them are nonbank institutions. Our audit objective is to assess Ginnie Mae's evaluation of nonbank issuer concentration risk. 

FHA’s Office Of Asset Sales Did Not Have Adequate Information To Measure Its Loan Sales’ Program Success

We audited the Federal Housing Administration (FHA), Office of Asset Sales’ U.S. Department of Housing and Urban Development (HUD)Held Vacant Loan Sales (HVLS) program. The audit objective was to assess the extent to which HUD tracks and measures its loan sales’ program success and its achievement of mission outcomes as they relate to the Affordable Housing Action Plan.  HUD did not have adequate information to measure its loan sales’ program success as it relates to the affordable housing initiatives.