Closed Date:
Julio 17, 2019
Perform an internal review of all FHA-HAMP partial claims that were combined with loan modifications to determine their eligibility and report the results to HUD for repayment of improperly filed partial claims.
Publication Report
2018-KC-1001 | Marzo 04, 2018
CitiMortgage, Inc., O’Fallon, MO, Improperly Filed for FHA-HAMP Partial Claims Before Completing the Loan Modifications and Reinstating the Loans
The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General audited CitiMortgage’s processing of partial claims. Our audit objective was to determine whether CitiMortgage filed for partial claims only after completing... másRelated Recommendations
Housing
- Status2018-KC-1001-001-AOpenClosedClosed on Noviembre 21, 2019$1,053,688.00Questioned Costs
Recommendations with questioned costs identify costs: (A] resulting from an alleged violation of a law, regulation, contract, grant, or other document or agreement governing the use of Federal funds; (B] that are not supported by adequate documentation (also known as an unsupported cost]; or (C] that appear unnecessary or unreasonable.
SummaryRepay HUD for improperly filed partial claims and incentive fees totaling $1,053,688.
- Summary
Work with HUD to ensure the release of the liens on the 66 properties with improper partial claims.