HUD’s Quality Assurance Division Did Not Always Resolve Materially Deficient or Potentially Fraudulent Loans Consistently
HUD OIG audited the U.S. Department of Housing and Urban Development's (HUD) Quality Assurance Division because the results of some previous OIG audits indicated that the Quality Assurance Division might not have consistently followed its requirements.
Our objective was to determine whether HUD's Quality Assurance Division consistently required Federal Housing Administration (FHA)-approved lenders to indemnify loans with similar material…
January 12, 2008
Report
#2008-KC-0001
The State of Louisiana, Baton Rouge, Louisiana, Road Home Program, ICF, Did Not Always Provide Contract Deliverables as Required
The U.S. Department of Housing and Urban Development's Office of Inspector General audited the State of Louisiana's (State) Road Home program (Road Home) housing manager's performance under a contract worth more than $750 million. The State is a Community Development Block Grant (CDBG) disaster recovery grantee under the Department of Defense Appropriations Act of 2006. We initiated the audit in conjunction with the Office of Inspector General…
December 17, 2007
Report
#2008-AO-1001
HUD Had a Less Than 1 Percent Error Rate in Housing Ineligible Participants for KDHAP and DVP Disaster Housing Assistance
We audited the U.S. Department of Housing and Urban Development’s (HUD) Katrina Disaster Housing Assistance Program (KDHAP) and Disaster Voucher Program (DVP) administered by public housing agencies. We initiated the audit as part of our examination of relief efforts provided by the federal government in the aftermath of Hurricanes Katrina and Rita. Our audit objectives were to determine whether HUD (1) properly determined the eligibility of…
December 02, 2007
Report
#2008-AO-0001
National City Mortgage, Plymouth Meeting, Pennsylvania, Generally Complied with HUD Requirements in Originating FHA-Insured Single-Family Loans
Attached is the final report on our audit of the Plymouth Meeting, Pennsylvania, branch of National City Mortgage (branch office), Audit Report Number 2008-PH-1002, dated November 20, 2007. We selected the branch office because its default rate was above the state's default rate. Our objective was to determine whether the branch office complied with U.S. Department of Housing and Urban Development (HUD) regulations, procedures, and instructions…
November 18, 2007
Report
#2008-PH-1002
Community Development Block Grant, Disaster Recovery Assistance Funds, Lower Manhattan Development Corporation, New York, New York
During the ninth in our series of on-going audits of the Lower Manhattan Development Corporation's (LMDC) administration of the $2.783 billion of Community Development Block Grant Disaster Recovery Assistance funds provided to the State of New York following the September 11, 2001, terrorist attacks on the World Trade Center in New York City, we noted that the final action plan approved by the U.S. Department of Housing and Urban Development (…
October 22, 2007
Memorandum
#2008-NY-0801
Alethes Mortgage, LLC, and Its Dallas, Texas, Branch, Waters Edge Mortgage, LLC, Did Not Comply with All HUD Underwriting Requirements
June 07, 2007
Report
#2007-FW-1010
The State of Mississippi's Homeowner's Assistance Grant Program, Jackson, Mississippi, Did Not Appropriately Calculate Grants and Monitor the Program
The U.S. Department of Housing and Urban Development's (HUD) Office of Inspector General audited the State of Mississippi's (State) calculation of homeowners' grant amounts and monitoring of the implementation of its Homeowner's Assistance Grant Program. Our audit was part of the activities in our annual audit plan. Our objectives were to determine whether the State appropriately calculated the homeowners' grant amounts and monitored the…
May 06, 2007
Report
#2007-AO-1001
Community Development Block Grant Disaster Recovery Assistance Funds, Lower Manhattan Development Corporation, New York, New York
During the eighth in our series of ongoing audits of the Lower Manhattan Development Corporation's (LMDC) administration of the $2.783 billion in Community Development Block Grant Disaster Recovery Assistance funds provided to the State of New York following the September 11, 2001, terrorist attacks on the World Trade Center in New York City, we identified a concern about whether certain activities, for which funds have been disbursed and…
April 02, 2007
Memorandum
#2007-NY-0802