Wells Fargo Bank NA, Rochester, New York, Branch Office, Did Not Always Comply with HUD/FHA Loan Origination Requirements
We completed an audit of Wells Fargo Bank NA, Rochester, New York, Branch Office (Wells Fargo), a national bank and supervised lender. The audit objectives were to determine whether Wells Fargo (1) approved insured loans in accordance with U.S. Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA) requirements, which include following prudent lending practices, and (2) developed and implemented a quality control...
Agosto 26, 2008
Report
#2008-NY-1010
Richard A. Hutchens Associates, Management Agent, Buffalo, New York, Used Project Funds for Ineligible and/or Unsupported Cost
We completed an audit of Richard A. Hutchens and Associates (agent) pertaining to its management of the financial operations of Cayuga Village and Touraine Apartments. The objectives of our audit were to determine whether the agent used project funds in accordance with the regulatory agreement and HUD requirements. Specifically, to determine whether the agent (1) provided adequate documentation to support the reasonableness of payments made to...
Diciembre 04, 2007
Report
#2008-NY-1002
The Housing Authority of the City of Napa Did Not Adequately Determine and Support Section 8 Rents
In response to a hotline complaint, we reviewed the Housing Authority of the City of Napa's (the Authority) Section 8 program. The purpose was to determine whether concerns raised in the complaint relating to misappropriation of Section 8 funds had merit and whether allegations of improper rent increases for the Section 8 Moderate Rehabilitation Single Room Occupancy (Mod Rehab) and Section 8 Housing Choice Voucher programs were valid.
We...
Noviembre 29, 2007
Report
#2008-LA-1002
Holyoke Housing Authority's, Holyoke, Massachusetts, Lack of Management Controls Resulted in Section 8 Units Not Meeting Housing Quality Standards
Attached is the report on our audit of the Holyoke Housing Authority's (Authority) Section 8 Housing Choice Voucher (Section 8) program , Audit Report Number 2008-BO-1002, dated November 26, 2007. We audited the Holyoke Housing Authority's (Authority) Section 8 Housing Choice Voucher (Section 8) program as part of our fiscal year 2007 audit plan. Our objectives were to determine whether the Authority's Section 8 housing units met...
Noviembre 25, 2007
Report
#2008-BO-1002
Reverse Mortgage Schemes - Fraud Bulletin
While the majority of companies promoting FHA reverse mortgages are safe there are some mortgage fraudsters out to take your money, your house, or even your identity. Reading this alert is your best defense.
A reverse mortgage allows borrowers to convert part of the equity in their homes into cash without having to sell their homes. To aid in this process, borrowers must meet with an FHA-approved Reverse Mortgage Lender to discuss program...
Fraud bulletins or alert
A Primer for PHA Commissioners
This bulletin provides an overview of areas in which to prevent fraud and mismanagement. All public housing agency (PHA) commissioners should know steps to take in maintaining integrity at their PHA. HUD-OIG will issue more in-depth coverage for each of these areas in future bulletins.
Fraud bulletins or alert
Procurement & Contracting: Five Ground Rules for Executive Directors and Commissioners
Goods and services must be procured in an effective manner and in compliance with Federal, State, and local laws. Although the majority of public housing agencies (PHA) comply with these rules and regulations, we are issuing this bulletin to assist you in identifying weaknesses in procurement and contracting procedures.
Industry advisories
Is Fraud Worth it? - Now in Multiple Languages
Now you can read this important message in several languages!
Is Fraud Worth it? - In Arabic
Is Fraud Worth it? - In Cantonese
Is Fraud Worth it? - In Korean
Is Fraud Worth it? - In Vietnamese
Is Fraud Worth it? - In Russian
Is Fraud Worth it? - In Spanish
Is Fraud Worth it? - In Mandarin
¿Vale la Pena la Asistencia de Fraude de Alquiler?
Elementos importantes a considerar cuando llene su solicitud y recertificación anual para viviendas de alquiler asistidas ...
23 de Octubre del 2013 • Viviendas Públicas e Indígenas