HUD OIG is auditing a California-based mortgage lender that services FHA single-family loans. Servicers initiate foreclosure when defaulted borrowers cannot or will not resume and complete their mortgage payments. Our objective is to determine whether the servicer (1) established that borrowers were ineligible for loss mitigation assistance before commencing foreclosure, and (2) reviewed requests received during foreclosure before continuing.

HUD OIG is auditing an Oklahoma-based mortgage lender that services FHA single-family loans. Servicers initiate foreclosure when defaulted borrowers cannot or will not resume and complete their mortgage payments. Our objective is to determine whether the servicer (1) established that borrowers were ineligible for loss mitigation assistance before commencing foreclosure, and (2) reviewed requests received during foreclosure before continuing. 

HUD OIG is conducting an audit of HUD's Office of Single Family Housing's oversight of the COVID-19 foreclosure moratorium. Using a moratorium beginning March 18, 2020 through July 31, 2021, Section 4022 of the CARES Act temporarily prohibited foreclosures, with the exception of vacant or abandoned homes. Our audit objective is to determine if servicers followed the requirements of the COVID-19 pandemic foreclosure moratorium.

HUD OIG is auditing the Office of Asset Sales' HUD-Held Vacant Loan Sale (HVLS) program, which is another disposition option for defaulted FHA notes HUD uses to reduce losses and improve recoveries for FHA’s Mutual Mortgage Insurance Fund. In the HLVS 2022-2 part 1 sale, 703 loans were awarded to qualified mission-driven entities, representing $105.1 million in unpaid principal balance. The audit objective is to assess the extent to which HUD has ensured the achievement of its mission objectives for the HVLS 2022-2 part 1 loan sale.

HUD OIG is conducting a review of a California-based mortgage lender that originates and underwrites FHA single-family loans. Our objective is to evaluate the lender’s quality control program for originating and underwriting loans.

HUD OIG is conducting a review of a California-based mortgage lender that originates and underwrites FHA single-family loans. Our objective is to evaluate the lender’s quality control program for originating and underwriting loans.

HUD OIG is conducting a review of a Missouri-based mortgage lender that originates and underwrites FHA single-family loans. Our objective is to evaluate the lender’s quality control program for originating and underwriting loans.

HUD OIG is conducting a review of an Illinois-based mortgage lender that originates and underwrites FHA single-family loans. Our objective is to evaluate the lender’s quality control program for originating and underwriting loans.

HUD OIG is auditing the Office of Single Family Housing's FHA appraiser roster, which is the list of individuals approved to conduct valuations for FHA-insured properties. HUD’s appraiser roster is the foundation for these valuations and consists of approximately 40,000 different appraiser IDs. The audit objective is to determine whether the appraiser roster is accurate and contains only eligible appraisers.  

HUD OIG is auditing the Office of Single Family Housing Federal Housing Administration (FHA) Resource Center.  The FHA Resource Center is a valuable and useful tool for consumers that provides answers to consumers' questions or concerns on a variety of topics, including housing discrimination.  Our objective is to assess whether the FHA Resource Center appropriately rerouted inquiries related to housing discrimination, including discrimination in appraisals, to HUD’s Office of Fair Housing and Equal Opportunity in accordance with its standard operating procedures.