The U.S. Department of Housing and Urban Development’s (HUD) development of requirements documents is a collaboration across HUD program offices.  The Office of the Chief Procurement Officer (OCPO) is responsible for obtaining all goods and services required by HUD efficiently and in the most cost-effective manner possible, while program offices are responsible for preparing the requirements documents and submitting an actionable...

HUD OIG is conducting an audit of Ginnie Mae's portfolio and issuer oversight. According to a Ginnie Mae report issued in December 2024 , 88.97% of Ginnie Mae's approximately $2.6 trillion in guaranteed pooled loans are owned by 30 mortgage companies, of which 22 of them are nonbank institutions. Our audit objective is to assess Ginnie Mae's evaluation of nonbank issuer concentration risk. 

The Office of Evaluation is initiating an evaluation of requirements documentation in HUD’s acquisition process. Our objective is to assess HUD’s processes for developing and approving requirements documents in the pre-award phase of the acquisition life cycle.

We audited the U.S. Department of Housing and Urban Development’s (HUD) Office of the Chief Procurement Officer’s use of its quality assurance surveillance plan (QASP) for its Atlanta Homeownership Center field service management (FSM) housing contracts.  We initiated the audit to support HUD’s priority on increasing efficiency in procurement.  An assessment of HUD’s use of its QASP, as part of its 3.10 FSM 5-year contract...

We completed a corrective action verification (CAV) of recommendations from prior Office of Inspector General (OIG) audit reports on the U.S. Department of Housing and Urban Development’s (HUD) government purchase cards and government travel cards, both issued January 31, 2020. During our CAV, we followed up on all 10 recommendations from OIG audit report 2020-KC-0001 and all 13 recommendations from OIG audit report 2020-KC-0002. Our...

HUD OIG is auditing Ginnie Mae's response to audit 2016-KC-0002, which reported on uninsured single-family loans remaining in mortgage backed securities (MBS) pools. Loans that lack FHA, VA, or RHS insurance/guarantees are considered defective and issuers must cure the defect, buy them out from MBS pools or substitute them with other loans of the same term. Our audit objective is to verify that Ginnie Mae (1) established a maximum time...

HUD OIG is conducting an audit of Ginnie Mae’s guidance and processes for troubled issuers. Our objective is to assess Ginnie Mae’s guidance and processes for handling troubled issuers. Specifically, we will assess whether Ginnie Mae’s guidance and processes provide reasonable assurance that 1) the risks and challenges identified by Ginnie Mae and HUD OIG of its use of rapid relocation extinguishments have been addressed, and whether...

HUD OIG is reviewing GNMA’s financial crisis readiness program. To ensure its mission, GNMA must be prepared for a broad range of crises, including financial crises, that could impact itself or its issuers. Our objective is to determine whether GNMA implemented a financial crisis readiness program that met industry best practices. According to GAO, best management practices refer to the processes, practices, and systems identified in...

We reviewed the U.S. Department of Housing and Urban Development’s (HUD) ability to effectively complete information technology (IT) acquisitions.  HUD’s IT systems and its modernization plans depend heavily on contractors, yet HUD has historically faced significant challenges with implementing effective acquisition processes. Therefore, HUD’s acquisition capacity represents a key potential risk within HUD’s IT environment. We...

HUD OIG is conducting a Corrective Action Verification on two prior HUD OIG audits of HUD's Purchase Card and Travel Card programs.  The review will verify if the corrective actions taken by the Department on the recommendations issued under reports, 2020-KC-0001 Purchase Card Audit and 2020-KC-0002 Travel Card Audit, addressed the underlying issues and risks.

HUD OIG is auditing HUD’s contract administration quality assurance processes over its management & marketing contracts.  HUD awarded seven firm-fixed price contracts totaling $8.98 billion to five different vendors.  The audit objective is to determine whether HUD effectively administered quality assurance surveillance plans for management & marketing contracts to assist in meeting HUD’s mission.

To determine if HUD has processes in place to efficiently and effectively conduct information technology (IT) acquisitions.

HUD OIG is auditing HUD's COVID-19 procurement activities. Due to the pandemic, regular contracting requirements were revised to help meet the needs of contractors who did not have access to the Federal work sites or could not complete contracts in a timely manner due to quarantining, social distancing, or other COVID-19 related interruptions.  The audit objective is to determine what HUD has done to accommodate contractors'...