Transfer $7,574 from its program account to its Housing Choice Voucher program account for the five participants with overfunded escrows.

Support or reimburse its Housing Choice Voucher program $6,839 from non-Federal funds for the one unsupported interim disbursement and five unsupported graduation disbursements cited in this finding.

Reimburse its Housing Choice Voucher program $23,475 from non-Federal funds for the two ineligible interim and three ineligible graduation disbursements cited in this finding.

Reimburse two participants $7,076 from its Housing Choice Voucher program account for the underfunded graduation payments cited in this finding.

Ensure that it obtains a separate interest-bearing depository account for its program participants’ escrow funds in accordance with HUD’s requirements.

Ensure that its staff is appropriately trained and familiar with HUD’s requirements and its program action plan regarding the administration of its program to ensure that (1) participants’ contracts of participation and individual training and services plans are properly updated and contain the Read More

Develop and implement procedures and controls to ensure that (1) documentation required by HUD and its own action plan is correctly completed, documented, and updated; (2) escrow account balances are correctly calculated and disbursed; and (3) escrow accounts and disbursements are fully supported Read More

Determine the amount of the $387,507 in coordinator grant funds that was appropriately earned by the Authority for meeting requirements. The funds that are determined to be unearned should be reimbursed to HUD from non-Federal funds.

Review the Authority’s graduate documentation and adjust the Authority’s minimum program size as necessary.

Review the Authority’s Section Eight Management Assessment Program scores for the Family Self-Sufficiency program and adjust as necessary.

Provide technical assistance and guidance to the Authority to ensure that it properly administers its Family Self-Sufficiency program.

Reimburse its program $34,666 from non-Federal funds ($21,990 $12,676 in administrative fees) for the overpayment of housing assistance due to inappropriate calculations of housing assistance.

Reimburse the appropriate households $1,265 from program funds for the underpayment of housing assistance due to inappropriate calculations.

Pursue collection from the applicable households or reimburse its program $9,644 from non-Federal funds for the overpayment of housing assistance due to unreported or underreported income.

Support or reimburse its program $1,666 from non-Federal funds for the unsupported payments of housing assistance cited in this finding.

Implement adequate procedures and controls to ensure that (1) housing assistance payments are appropriately calculated and supported, (2) repayment agreements are created to recover overpaid housing assistance when unreported income is discovered during the examination process, and (3) annual Read More

Foreclosure fraud schemes can happen when a homeowner falls behind on their mortgage, usually, after a sudden life changing event challenges their financial stability, such as a death, a job loss, a medical issue, or other unforeseen event.

OAKLAND — California Attorney General Rob Bonta today announced the sentencing of a Los Angeles broker, who was involved in a mortgage loan fraud scheme in Southern California. The broker, Alex Ashod Dadourian, defrauded lenders by using forged documents and fraudulent records to obtain more Read More

BOSTON – A Salem, Mass. real estate developer was sentenced to four years in prison today in connection with a decade-long mortgage fraud scheme involving at least two dozen loan transactions, totaling $6.5 million, that resulted in more than $3.8 million in losses to lenders. George Kritopoulos, Read More

ALEXANDRIA, Va. – A Merrifield couple was sentenced today for stealing at least nine people’s identities and using the stolen personal identifying information (PII) to fraudulently buy a luxury vehicle, lease high-end residences, and obtain loans and credit. According to court documents, Caprice Read More