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FHA Paid Claims for Approximately 4,457 Preforeclosure Sales That Did Not Meet Minimum Net Sales Proceeds Requirements

We audited the Federal Housing Administration (FHA) Preforeclosure Sales Program claim process in accordance with our goal to contribute to improving the integrity of FHA single-family insurance programs.  Our audit objective was to determine whether the U.S.

All Western Mortgage, Las Vegas, NV, Did Not Fully Comply With FHA Program Requirements Concerning Outside Employment and Timeliness of Quality Control Reviews

We audited the Federal Housing Administration (FHA)-insured loan process at All Western Mortgage’s Las Vegas, NV, home office as part of our efforts to improve the integrity of the single-family insurance programs. We selected All Western Mortgage because it is one of the top 10 originators in Nevada and the U.S.