We audited the Kentucky Housing Corporation’s administration of the U.S. Department of Housing and Urban Development’s (HUD) Loss Mitigation program for loans insured by the Federal Housing Administration (FHA). We selected the Corporation based on our analysis of risk factors of single-family loan servicers in Region 4’s jurisdiction. Our audit objective was to determine whether the Corporation accurately reported the default status and...
Septiembre 30, 2016
Final Civil Action – NDC Real Estate Management, Inc. Settled Allegations of Falsifying or Modifying Records and Documents to Maximize HUD’s Section 8 Housing Assistance Payments
We assisted the U.S. Attorney’s Office for the Eastern District of Kentucky in the investigation of NDC Real Estate Management, Inc. (NDC). The investigation began due to a qui tam filing in the U.S. District Court for the Eastern District of Kentucky. The False Claims Act allows private persons to file suit for violations of the False Claims Act on behalf of the Government. A suit filed by an individual on behalf of the Government is known...
Septiembre 02, 2014