Nations Lending Corporation, Independence, OH, Needs To Improve Its Quality Control Reviews of Early Payment Defaulted Loans
The U.S. Department of Housing and Urban Development, Office of Inspector General audited Nations Lending Corporation, a Federal Housing Administration (FHA)-approved nonsupervised direct endorsement lender approved to originate, underwrite, and submit mortgages for insurance under the U.S. Department of Housing and Urban Development’s (HUD) direct endorsement program. We selected Nations for audit based on our risk assessment of single-family…
May 31, 2012
Report
#2012-CH-1008
Cuyahoga Metropolitan Housing Authority, Cleveland, OH, Did Not Operate Its Section 8 Housing Choice Voucher Program According to HUD’s Requirements
We audited the Cuyahoga Metropolitan Housing Authority’s Section 8 Housing Choice Voucher program. The audit was part of the activities in our fiscal year 2012 annual audit plan. We selected the Authority based upon our analysis of risk factors relating to the housing agencies in Region V’s jurisdiction. Our objective was to determine whether the Authority administered its program in accordance with applicable U.S. Department of Housing and…
March 28, 2012
Report
#2012-CH-1006
JPMorgan Chase Bank N.A. Foreclosure and Claims Process Review Columbus, OH
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) servicers (Bank of America, Wells Fargo Bank, CitiMortgage, Ally Financial, Incorporated, and JPMorgan Chase Bank), we reviewed JPMorgan Chase Bank’s (Chase) foreclosure and claims processes. In addition to this memorandum, OIG issued separate memorandums for each of the other four…
March 11, 2012
Memorandum
#2012-CH-1801
The Gallia Metropolitan Housing Authority, Bidwell, OH, Did Not Always Administer Its Grant in Accordance with Recovery Act and HUD Requirements
We audited the Gallia Metropolitan Housing Authority’s American Recovery and Reinvestment Act of 2009 Public Housing Capital Fund Stimulus (formula) grant. The audit was part of the activities in our fiscal year 2011 annual audit plan. We selected the Authority based upon our analysis of risk factors relating to the housing agencies in Region V’s (see footnote 1) jurisdiction and a request by the U.S. Department of Housing and Urban…
January 24, 2012
Report
#2012-CH-1001
The Women's Development Center, Las Vegas, NV, Charged Unallowable Flat Fees and Miscalculated Resident Rents
We audited the Women’s Development Center’s administration of its Supportive Housing Program (SHP) with concentration on the transitional housing grants provided by the U.S. Department of Housing and Urban Development (HUD). Our review was initiated because of a referral from the Office of Inspector General’s (OIG) Office of Investigation due to concerns about the Center’s compliance with SHP requirements. Our overall objective was to…
December 07, 2011
Report
#2012-LA-1002
The Springfield Metropolitan Housing Authority, Springfield, OH, Did Not Administer Its Grant in Accordance With Recovery Act and HUD Requirements
The U.S. Department of Housing and Urban Development, Office of Inspector General audited the Springfield Metropolitan Housing Authority’s American Recovery and Reinvestment Act of 2009 Public Housing Capital Fund Stimulus (formula) Recovery Act Funded grant. The audit was part of the activities in our fiscal year 2011 annual audit plan. We selected the Authority for audit based on the Office of Inspector General’s (OIG) commitment to ensure…
September 29, 2011
Report
#2011-CH-1015
The City of Cleveland, OH, Lacked Adequate Controls Over Its HOME Investment Partnerships Program-Funded Housing Trust Fund Program Home-Buyer Activities
The U.S. Department of Housing and Urban Development, Office of Inspector General audited the City of Cleveland’s HOME Investment Partnerships Program. The audit was part of the activities in our fiscal year 2011 annual audit plan. We selected the City based upon our analysis of risk factors related to Program grantees in Region V’s* jurisdiction, recent media coverage regarding the City’s Program, and a request from the U.S. Department of…
September 28, 2011
Report
#2011-CH-1014
Universal American Mortgage Company, Las Vegas, NV, Branch Did Not Comply With HUD Regulations in the Origination and Quality Control of FHA-Insured Loans
We audited the Federal Housing Administration (FHA)-insured loan process at Universal American Mortgage Company (lender) to determine whether the lender complied with U.S. Department of Housing and Urban Development (HUD) regulations, procedures, and instructions in the origination and quality control review of FHA-insured loans. The review was part of our efforts to improve the integrity of the single-family insurance programs. We selected…
September 20, 2011
Report
#2011-LA-1017
The Youngstown, OH, Metropolitan Housing Authority Needs To Improve Its Procurement Process
The U.S. Department of Housing and Urban Development’s Office of Inspector General audited the Youngstown Metropolitan Housing Authority’s American Recovery and Reinvestment Act of 2009 Public Housing Capital Fund Stimulus formula and competitive grants. The audit was part of the activities in our fiscal year 2011 annual audit plan. We selected the Authority for audit based on the U.S. Department of Housing and Urban Development’s monitoring…
August 15, 2011
Report
#2011-CH-1013
Cuyahoga Metropolitan Housing Authority, Cleveland, OH, Did Not Operate Its Section 8 Housing Choice Voucher Program According to HUD's Requirements
The U.S. Department of Housing and Urban Development, Office of Inspector General audited the Cuyahoga Metropolitan Housing Authority’s (Authority) Section 8 Housing Choice Voucher program. The audit was part of the activities in our fiscal year 2011 annual audit plan. We selected the Authority based upon our analysis of risk factors relating to the housing agencies in Region V’s jurisdiction. Our objective was to determine whether the…
July 27, 2011
Report
#2011-CH-1011