Clarion Mortgage Capital Did Not Fully Comply with HUD’s or Its Own Quality Control Requirements
The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General, audited the Leawood, Kansas, branch office of Clarion Mortgage Capital, a Federal Housing Administration (FHA)-approved loan correspondent. Our audit objective was to determine whether Clarion Mortgage Capital followed HUD requirements for implementing a quality control program. We concluded that Clarion Mortgage Capital did not fully comply with HUD's...
Diciembre 16, 2008
Report
#2009-KC-1002
Peoples Bank Did Not Follow HUD’s Requirements When Underwriting Nine FHA Loans and Implementing Its Quality Control Program
The U.S. Department of Housing and Urban Development (HUD) Office of Inspector General reviewed 23 Federal Housing Administration (FHA) loans underwritten by Peoples Bank of Overland Park , Kansas . Our audit objectives were to determine whether Peoples Bank followed HUD requirements for (1) borrower eligibility and creditworthiness and property eligibility when underwriting loans and (2) implementing a quality control program. We concluded that...
Agosto 20, 2008
Report
#2008-KC-1004
The Schuyler Housing Authority, Schuyler, Nebraska, Improperly Used Public Housing Funds to Support a Non-HUD Assisted Living Program
The U.S. Department of Housing and Urban Development's (HUD) Office of Inspector General audited the Schuyler Housing Authority (Authority) to determine whether the Authority improperly spent public housing assets when developing and operating an assisted living program.
We found that the Authority inappropriately used more than $78,000 in public housing funds to pay expenses of a non-HUD assisted living program. In addition, the Authority...
Febrero 19, 2008
Report
#2008-KC-1002
The Douglas County Housing Authority of Omaha, Nebraska, Improperly Encumbered and Spent Its Public Housing Funds
HUD OIG reviewed the development activities of the Douglas County Housing Authority (Authority), Omaha, Nebraska, to determine whether the Authority encumbered or spent U.S. Department of Housing and Urban Development (HUD) assets for nonfederal development activities without HUD approval.
The Authority inappropriately encumbered nearly $1.67 million in federal assets when it entered into loan documents containing setoff provisions against the...
Febrero 10, 2008
Report
#2008-KC-1001
The State of Nebraska Did Not Close HOME Projects in a Timely Manner
Marzo 13, 2007
Report
#2007-KC-1005