HUD Improved Its Administration of Interagency Agreements
We audited the Office of the Chief Procurement Officer’s (procurement office) administration of interagency agreements (IAAs). This audit was part of our fiscal year 2010 audit plan because of congressional hearings on the use and management of IAAs throughout the Federal Government. Our objective was to determine whether the U.S. Department of Housing and Urban Development (HUD) effectively administered its IAAs and the costs to procure these...
Mayo 25, 2011
Report
#2011-HA-0002
HUD Hired Employees in Accordance With Office of Personnel Management Guidelines for Streamlining the Federal Hiring Process
We audited the U.S. Department of Housing and Urban Development’s (HUD) process for hiring employees in accordance with Office of Personnel Management (OPM) guidelines. The audit was initiated due to concerns about whether HUD addressed the staffing needs of its Homeownership Centers in a timely manner to address significant increases in single family mortgage workload. Our audit objective was to determine whether HUD effectively hired...
Enero 24, 2011
Report
#2011-PH-0001
Audit of Government National Mortgage Association's (Ginnie Mae) Financial Statements for Fiscal Years 2010 and 2009
This report presents the results of Carmichael, Brasher, Tuvell and Company's (CBTC) audit of the Government National Mortgage Association's (Ginnie Mae) financial statements for the fiscal years ended September 30, 2010 and 2009. In CBTC's opinion, the financial statements present fairly, in all material respects, Ginnie Mae's financial position as of September 30, 2010 and September 30, 2009 and the results of its...
Noviembre 05, 2010
Report
#2011-FO-0001
HUD Needs to Improve Controls Over Its Administration of Completed and Expired Contracts
We audited the Office of the Chief Procurement Officer’s (procurement office) procedures for administering completed and expired contracts in compliance with applicable regulations. Our objective was to determine whether the procurement office performed contract closeout procedures on completed and expired contracts in a timely manner. We expanded our objective to determine whether the contract files were complete and properly maintained.
We...
Septiembre 30, 2010
Report
#2010-HA-0003
Review of HUD's Property and Equipment
We performed an audit of the U.S. Department of Housing and Urban Development’s (HUD) property and equipment. We performed this audit as a result of recurring findings relating to HUD’s property and equipment reported in the fiscal years 2004 through 2008 management letters. Our objective was to determine whether HUD properly recorded and tracked the acquisition and disposal of its capitalized and other accountable property and equipment.
We...
Agosto 17, 2010
Report
#2010-FO-0004
Audit of Government National Mortgage Association's (Ginnie Mae) Financial Statements for Fiscal Years 2009 and 2008
This report presents the results of Carmichael, Brasher, Tuvell and Company's (CBTC) audit of the Government National Mortgage Association's (Ginnie Mae) financial statements for the fiscal years ended September 30, 2009 and 2008. In CBTC's opinion, the financial statements present fairly, in all material respects, Ginnie Mae's financial position as of September 30, 2009 and September 30, 2008 and the results of its...
Noviembre 05, 2009
Report
#2010-FO-0001
Mortgage-Backed Securities Program Document Review (Report Not Available to the Public)
We completed a review of Government National Mortgage Association (Ginnie Mae) Mortgage-Backed Securities (MBS) program's contract documents and other program related representations. Additionally, we reviewed certain business practices related to ensuring that mortgages were insured. We conducted the audit because of OIG senior management's concerns about potential internal control weaknesses in Ginnie Mae's MBS program. Our...
Abril 30, 2009
Report
#2009-FO-0005
Review of HUD's Internal Controls over Processing of Personnel Actions
We audited the U.S. Department of Housing and Urban Development's (HUD) Office of Administration's internal controls over the processing of personnel actions in response to an anonymous complaint received by our office. Our objectives were to determine why (1) human resource actions were not processed in a timely manner, (2) employee requests to waive the automatic collection of payroll overpayments were not processed before collection...
Abril 15, 2009
Report
#2009-FO-0004
Audit of Government National Mortgage Association’s (Ginnie Mae) Financial Statements for Fiscal Years 2008 and 2007
This report presents the results of Carmichael, Brasher, Tuvell and Company's (CBTC) audit of the Government National Mortgage Association's (Ginnie Mae) financial statements for the fiscal years ended September 30, 2008 and 2007. In CBTC's opinion, the financial statements present fairly, in all material respects, Ginnie Mae’s financial position as of September 30, 2008 and September 30, 2007 and the results of its operations and...
Noviembre 06, 2008
Report
#2009-FO-0001
The U.S. Department of Housing and Urban Development Needs to Improve Its Existing Procedures and Controls Regarding Its Management of Human Capital
The U.S. Department of Housing and Urban Development's (HUD) Office of Inspector General reviewed HUD's management of human resources. We initiated the review based on our annual audit plan and our strategic plan to help HUD resolve its major management challenges. The review also addressed a complaint to our Hotline regarding the adequacy of HUD's Total Estimation and Allocation Mechanism (TEAM) system. Our objectives were to...
Septiembre 30, 2008
Report
#2008-CH-0003
Doral Bank, San Juan, Puerto Rico, Needs to Improve Controls over Its Mortgage-Backed Securities Program
We reviewed Doral Bank Puerto Rico (Doral), an approved issuer for the Government National Mortgage Association (Ginnie Mae). Our objective was to determine whether Doral complied with Ginnie Mae requirements associated with its mortgage-backed securities activities. The review was initiated in connection with the 2007 Ginnie Mae financial statement audit.
Doral did not fully comply with Ginnie Mae requirements because it maintained seven...
Septiembre 22, 2008
Report
#2008-AT-1014
Mortgage Company President Pleads Guilty to Defrauding Ginnie Mae
BOSTON – The president and founder of a Falmouth mortgage company pleaded guilty yesterday in federal court in Boston in connection with defrauding the Government National Mortgage Association (Ginnie Mae) out of approximately $2.5 million.
Robert Pena, 68, of Falmouth, pleaded guilty to one count of conspiracy and six counts of wire fraud. U.S. Senior District Court Judge Mark L. Wolf scheduled sentencing for Jan. 5, 2018.
Pena was...
Press release
Octubre 04, 2017
HUD Oversight and Management Issues - 2017
Testimony before the U.S. House of Representatives Committee on Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies
Hearing
Marzo 15, 2017
HUD Oversight and Management Issues - 2016
Testimony before the U.S. House of Representatives Committee on Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies
Hearing
Marzo 14, 2016
HUD Office of Inspector General Fiscal Year 2017 Budget Request and HUD’s Top Management and Performance Challenges
Testimony before the U.S. Senate Committee on Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies.
Topic: "HUD Office of Inspector General Fiscal Year 2017 Budget Request and HUD’s Top Management and Performance Challenges".
You may view the hearing through the Senate Committee’s page at United States Senate Committee on Appropriations.
Hearing
Marzo 10, 2016