Sunset Manor, Limited Partnership, Blackfoot, ID, Did Not Administer Its Section 8 Program in Accordance With HUD Rules and Regulations
The U.S.
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Assessing the Overlap of Housing Choice Voucher Payments and FHA-Insured Mortgages
HUD OIG is initiating an audit of HUD's Housing Choice Voucher (HCV) Program. The HCV Program is the Federal government's major program for providing housing assistance to over 2.3 million American families. Our objective is to determine whether individuals improperly received Housing Choice Voucher Program rental assistance payments while holding an FHA-insured mortgage.
Federal Housing Administration-Insured Single Family Loans Issued to Deceased and Incarcerated Individuals
HUD OIG is conducting an evaluation of Federal Housing Administration (FHA)-Insured Single Family (SF) loans issued to deceased and incarcerated individuals. The objective of our evaluation is to determine whether the approval process for FHA-Insured SF loans resulted in loans to deceased or incarcerated borrowers.
Servicers Followed the COVID-19 Foreclosure Moratorium Requirements but Could Have Better Communicated the Requirements to Borrowers
Review the two loans in our sample that did not receive appropriate servicing and take administrative actions if appropriate.
HUD Lacked Adequate Oversight of Multifamily Housing Properties With Failing REAC Scores or Life-Threatening Deficiencies
Implement adequate procedures and controls to ensure that documentation is maintained to support that the reports were submitted to Congress.
HUD Lacked Adequate Oversight of Multifamily Housing Properties With Failing REAC Scores or Life-Threatening Deficiencies
Develop and implement adequate policies, procedures, and controls to ensure that owner certifications and surveys and other relevant documents related to properties that fail inspections or are noted as having EHS deficiencies are maintained and retrievable from an easily accessible location.
Management of a New York Section 8 Project-Based Rental Assisted Multifamily Property
HUD OIG is reviewing a Section 8 project-based rental assisted multifamily property in New York. Under a rental assistance contract, the property owner agrees to manage assisted units subject to Federal requirements. HUD agrees to pay subsidies to make up the difference between the low, income-based rents to tenants and previously agreed upon contract rents. Our objective is to determine whether the property owner properly calculated tenant rental subsides in accordance with applicable HUD requirements.
Neighborhood Loans, Inc., Did Not Have a Sufficient Quality Control Program for FHA-Insured Loans, Downers Grove, IL
Provide indemnification agreements or documentation to support the one loan in which it missed material deficiencies and the three loans in which it identified material misrepresentations or other material findings that it did not acceptably mitigate or self-report to HUD. Implementation of this recommendation will protect the FHA insurance fund from an estimated loss of $339,186.
Neighborhood Loans, Inc., Did Not Have a Sufficient Quality Control Program for FHA-Insured Loans, Downers Grove, IL
Evaluate its QC files for the 96 loans in which it identified material findings to confirm whether it self-reported to HUD all findings of fraud or material misrepresentation, along with any other material findings that its records did not show have been acceptably mitigated. If required, Neighborhood Loans should execute indemnification agreements or reimburse claims paid to help protect the FHA insurance fund from unacceptable risk.
Neighborhood Loans, Inc., Did Not Have a Sufficient Quality Control Program for FHA-Insured Loans, Downers Grove, IL
Evaluate its QC files for the 59 loans with EPD reviews in which it did not assess the risk of findings identified to confirm whether it self-reported to HUD all findings of fraud or material misrepresentation, along with any other material findings that its records did not show had been acceptably mitigated. If required, Neighborhood Loans should execute indemnification agreements or reimburse claims paid to help protect the FHA insurance fund from unacceptable risk.