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Línea Directa

REPORTAR FRAUDE, DESPERDICIO O ABUSO
  • Recommendation Number: 2020-LA-1005-001-C
  • Status: Closed
  • Date Issued: Septiembre 03, 2020
Closed Date:
Febrero 02, 2024

Require the lender to fully implement its quality control plan with respect to reverifications and provide HUD with periodic reports for 12 months to ensure that it conducts its quality control reviews in accordance with the requirements.

Publication Report

2020-LA-1005 | Septiembre 03, 2020

Mid America Mortgage, dba 1st Tribal Lending, Pinole, CA, Did Not Always Follow HUD’s Section 184 Program Requirements

We audited Mid America Mortgage’s, dba 1st Tribal Lending’s, Section 184 Indian Home Loan Guarantee program based on a previous U.S. Department of Housing and Urban Development (HUD), Office of Inspector General, audit and corrective action verification... más

Related Recommendations

Public and Indian Housing

  •  
    Status
      Open
      Closed
    2020-LA-1005-001-A
    Closed on Diciembre 01, 2022
    $607,598.00
    Funds Put to Better Use

    Recommendations that funds be put to better use estimate funds that could be used more efficiently. For example, recommendations that funds be put to better use could result in reductions in spending, deobligation of funds, or avoidance of unnecessary spending.

    Summary

    Request indemnification for the 7 of the 11 loans that had material underwriting deficiencies (appendix D). The unpaid balance for these loans is $1.3 million and the estimated potential loss to HUD is $607,598.

  •  
    Status
      Open
      Closed
    2020-LA-1005-001-B
    Closed on Diciembre 05, 2022
    Summary

    Require the lender to develop and implement enhanced policies and procedures to ensure electronic signatures from borrowers are properly supported.