The Housing Authority of the City of Meridian Did Not Adequately Maintain Its FHA-Insured Rental Apartments
We audited the Housing Authority of the City of Meridian’s Queen City apartments at the request of the U.S.
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Memorandum Report on the Wyoming Community Development Authority’s Role in the Village Creek Townhomes’ 51 FHA Mortgage Defaults
The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General audited the Wyoming Housing Opportunities Association (Association) based on information obtained during a separate audit of the Wyoming Community Development Authority (State Finance Agency), which indicated that 51 Federal Housing Administration (FHA) mortgages with the same borrower had defaulted. The purpose of our audit was to determine whether the Association developed, originated, and managed the 51 units of village Creek in accordance with Federal regulations.
Final Civil Action – Borrower Settled Allegations of Making a False Certification to HUD Regarding a Home Purchase Under the Federal Housing Administration Program
We reviewed an alleged loan origination fraud scheme involving a borrower purchasing a home in which the loan was insured under the U.S. Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA) program. The alleged scheme involved submitting a false loan application to obtain an FHA-insured loan on a home in Brentwood, CA. Based in part on our review, HUD filed a complaint against the borrower under the Program Fraud Civil Remedies Act of 1986, 31 U.S.C.
HUD Did Not Always Recover FHA Single-Family Indemnification Losses and Ensure That Indemnification Agreements Were Extended
We audited HUD’s controls over its Federal Housing Administration (FHA) loan indemnification recovery process based on the OIG’s analysis of HUD data that indicated indemnification losses were not always recovered for FHA single-family loans. Our objective was to determine whether HUD had adequate controls in place to monitor indemnification agreements and recover losses on FHA single-family loans. HUD did not always bill lenders for FHA single-family loans that had an indemnification agreement and a loss to HUD. Specifically, it did not bill lenders for any loans t
Summit Bradford Apartments, Tulsa, OK, Did Not Comply With the Requirements of Its Housing Assistance Payments Contract
We audited the Section 8 program administered by Summit Bradford Apartments in Tulsa, OK. We selected Bradford because we were informed that its management agent may have received Section 8 subsidies for vacant units. Our objective was to determine whether Summit Bradford Apartments, LP, the owner, and Summit Housing Partners, LLC, the management agent, administered Bradford’s Section 8 program in compliance with its housing assistance payments contract with the U.S.
Violations Increased the Cost of Housing’s Administration of Its Bond Refund Program
We audited certain portions of the U.S.