The Idaho Housing and Finance Association Did Not Always Comply With HOME Investment Partnerships Project and Cost Eligibility Regulations
The U.S. Department of Housing and Urban Development (HUD) – Office of Inspector General audited the Idaho Housing and Finance Association’s HOME Investment Partnerships Program because HUD had not performed a comprehensive monitoring review of Idaho Housing’s program since 2007 and it received approximately $6 million in HOME grants from HUD in each of the fiscal years 2008 through 2010. The objective of our review was to determine whether...
Septiembre 23, 2011
Report
#2011-SE-1008
Final Civil Action - Anchor Mortgage Corporation, Chicago, IL Loan Origination Fraud - Violations of the False Claims Act
The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General (OIG), completed a review of loan origination practices of Anchor Mortgage Corporation (Anchor), Chicago, IL. Our objective was to identify violations of Federal Housing Administration (FHA) requirements and the related losses incurred by HUD.
Based on our review, HUD sued the lender and its owner under the False Claims Act. In August 2010, the court...
Septiembre 30, 2010
Memorandum
#2010-CF-1801