Fraudsters can take advantage of older adults by pressuring or helping them obtain funding for home repairs by applying for a reverse mortgage and then stealing the funds from the reverse mortgage.  In this fraud bulletin, HUD OIG shares a recent case example where the fraudster was sentenced Read More

The U.S. Department of Housing and Urban Development’s (HUD) development of requirements documents is a collaboration across HUD program offices.  The Office of the Chief Procurement Officer (OCPO) is responsible for obtaining all goods and services required by HUD efficiently and in the most Read More

Perform a complete agency-wide fraud risk assessment (which incorporates the fraud risk assessments performed at the program level) and use the results to develop and implement an agency-wide plan to move HUD’s fraud risk management program out of the ad hoc phase. Status As of July 2025, Read More

Require MidFirst to remedy the 24 borrowers in our sample with improper foreclosure filings or take administrative actions if appropriate.

Analyze MidFirst’s resolution of the manual process issues identified during its 2022 quality control review to verify that it remedied the borrowers or HUD and corrected the issues identified related to manual processing.

Require MidFirst to update its policies and procedures to comply with HUD requirements by placing foreclosure holds for loss mitigation requests made before the first legal filing.

HUD OIG has contracted with an Independent Public Accounting (IPA) firm to conduct the annual HUD financial statement audit. The IPA's audit objectives are to (1) express an opinion on whether HUD’s fiscal year 2025 financial statements are fairly presented and adequatelydisclosed, in all material Read More

HUD OIG has contracted with an Independent Public Accounting (IPA) firm to conduct the annual FHA financial statement audit. The IPA's audit objectives are to (1) express an opinion on whether FHA’s fiscal year 2025 financial statements are fairly presented and adequately disclosed, in all Read More

HUD OIG has contracted with an Independent Public Accounting (IPA) firm toconduct the annual GNMA financial statement audit. The IPA's audit objectives are to (1) express an opinion on whether GNMA’s fiscal year 2025 financial statements are fairly presented and adequately disclosed, in all Read More

We performed an audit of Carrington Mortgage’s compliance with Federal Housing Administration (FHA) requirements for foreclosures that started in 2022. Pursuant to the Coronavirus Aid, Relief and Economic Security Act (CARES Act), as extended by the Secretary, from March 18, 2020, through July 31 Read More

We performed an audit of MidFirst’s compliance with Federal Housing Administration (FHA) requirements for foreclosures that started in 2022.  Pursuant to the Coronavirus Aid, Relief and Economic Security Act (CARES Act), as extended by the Secretary, from March 18, 2020, through July 31, 2021 Read More

The Justice Department announced today that it has filed a lawsuit against Kurt Williams and Gearhead Properties LC, of Davenport, Iowa, for sexually harassing female tenants in violation of the Fair Housing Act (FHA). Williams has managed residential rental properties in Davenport since at least Read More

PITTSBURGH, Pa. - Two residents of Brentwood, Pennsylvania, pleaded guilty and were sentenced in federal court on January 15, 2025, on charges of making false statements on a loan application, United States Attorney Eric G. Olshan announced today.Husband and wife Brennan and Angela McNally each Read More

WASHINGTON DC— An Illinois man was sentenced today in federal court to seven months for his role in a scheme to defraud financial institutions in connection with over $800,000 in loans.Lamar Spells, 60, of Flossmoor, was sentenced by U.S. District Judge Steven C. Seeger of the Northern District of Read More

CHICAGO — A Chicago businessman was sentenced today to more than 17 years in federal prison for bilking elderly homeowners in a reverse mortgage and home repair scheme.MARK STEVEN DIAMOND schemed with others to induce homeowners to unwittingly obtain reverse mortgage loans to pay for purported Read More

Enhance data collection and processing controls to ensure consistency in reporting data.

Enhance existing demonstration guidance within the Conveyance, Assignment, and Assumption Agreement to provide further detail regarding documentation retention requirements.

Update the Conveyance, Assignment, and Assumption Agreement to require purchasers to report final property outcomes and identifying information including those of third-party purchasers when applicable.

The OIG has determined that the contents of this recommendation would not be appropriate for public disclosure and has therefore limited its distribution to selected officials.

The OIG has determined that the contents of this recommendation would not be appropriate for public disclosure and has therefore limited its distribution to selected officials.