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Final Civil Action Bank of America, NA Lender Settled Alleged Violations of Home Equity Conversion Mortgage Program
We audited the U.S.
Opportunity in Living, Centennial, CO’s Participation in the HUD Single Family Property Disposition Program
The Office of Inspector General (OIG) conducted an audit of Opportunity in Living (OIL), Centennial, CO’s participation in the U.S.
HUD Policies Did Not Always Ensure That HECM Borrowers Complied With Residency Requirements
We audited the U.S.
HUD’s Office of Multifamily Asset Management and Portfolio Oversight Did Not Comply With Its Requirements For Monitoring Management Agents’ Costs
We reviewed the U.S.
Prudential Huntoon Paige Associates, LTD, Did Not Underwrite and Process a $22 Million Loan in Accordance With HUD Requirements
We audited Prudential Huntoon Paige Associates, LTD’s underwriting of a $22.8 million mortgage loan to refinance Lafayette Towers Apartments, a 584-unit highrise multifamily project in Detroit, MI. We initiated the review based on the early default, assignment, and significant amount of the project. Our objective was to determine whether Prudential underwrote and processed the loan for Lafayette Towers according to the U.S.
Berkadia Approved a Mortgage for the Temtor Project That Was Not Economically Sound
The U.S. Department of Housing and Urban Development – Office of Inspector General audited Berkadia Commercial Mortgage, LLC’s underwriting of the loan to fund the renovation of the Temtor project in St.