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The Hamtramck Housing Commission, Hamtramck, MI, Did Not Administer Its Grant in Accordance With Recovery Act, HUD’s, and Its Own Requirements
We audited the Hamtramck Housing Commission’s American Recovery and Reinvestment Act of 2009 Public Housing Capital Fund Stimulus formula grant. We selected the Commission based upon our analysis of risk factors related to the public housing agencies in Region 5’s1 jurisdiction. Read More
Septiembre 29, 2013
Report
#2013-CH-1012
The Flint Housing Commission, Flint, MI, Did Not Always Administer Its Grant in Accordance With Recovery Act, HUD’s, and Its Own Requirements
We audited the Flint Housing Commission’s American Recovery and Reinvestment Act of 2009 Public Housing Capital Fund formula grant based upon our analysis of risk factors relating to the housing agencies in Region 5’s jurisdiction. Our objective was to determine whether the Commission Read More
Septiembre 26, 2013
Report
#2013-CH-1009
The Jefferson County Housing Authority, Wheat Ridge, CO, Did Not Properly Use Its Disposition Sales Proceeds
The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General audited the Jefferson County Housing Authority (Authority) based on concerns that there were irregularities in its disposition process. The objective of our audit was to determine whether the Authority Read More
Septiembre 29, 2013
Report
#2013-DE-1005
City of West Palm Beach Did Not Always Properly Administer Its HOME Program
We audited the City of West Palm Beach’s HOME Investment Partnerships Program. The City was selected for review because (1) our audit plan included audits of HOME grantees, (2) the U.S. Department of Housing and Urban Development’s (HUD) Miami Office of Community Planning and Development Read More
Septiembre 29, 2013
Report
#2013-AT-1008
The Michigan State Housing Development Authority, Lansing, MI, Did Not Follow HUD’s Requirements Regarding the Administration of Its Program
We audited the Michigan State Housing Development Authority’s multifamily project-based Section 8 program for new-regulation projects as part of the activities in our fiscal year 2013 annual audit plan. We selected the Authority based on a referral from U.S. Department of Housing and Urban Read More
Septiembre 29, 2013
Report
#2013-CH-1011
Mortgage Fraud in Arizona: Is it on the Rise?
It seems as if there is always some bank, corporation or millionaire out there trying to take advantage of those less fortunate. In fact, this was a huge factor in the housing bubble that contributed to the economic recession that began in 2008. Unfortunately, certain predatory lending practices, Read More
Octubre 15, 2013
News
Artículo
Former NFL Player Indicted in NJ
Former NFL player Irving Fryar and his mother were indicted by a New Jersey grand jury Wednesday on charges they conspired to steal more than $690,000 through a mortgage scam.
In announcing the indictment, prosecutors said Fryar and his mother, Allene McGhee, engaged in a "sophisticated mortgage Read More
Octubre 14, 2013
News
Artículo
HUD: Repay $381G
Fourteen months after Point Township was cleared of wrongdoing in administering a $381,000 federal grant, the state Department of Community and Economic Development may foist the repayment demand it received from the federal government onto the Northumberland County municipality.
The U.S. Read More
Octubre 16, 2013
News
Artículo
Evaluation of HUD’s Property Inventory System
We completed an evaluation of the U.S. Department of Housing and Urban Development’s (HUD) property inventory system. The evaluation was performed at the request of Office of Inspector General (OIG) management due to long standing issues with HUD’s property inventory system. Our Read More
Septiembre 26, 2013
Memorandum
#2013-IE-0804
OIG Issues Report on Moving to Work Program
For Immediate Release
September 30, 2013
Contact: HUD OIG Communications
[email protected]
Washington, DC – Today, Inspector General David A. Montoya announced the Office of Inspector General (OIG) for the U.S. Department of Housing and Urban Development (HUD) issued a report entitled, “ Read More
Septiembre 29, 2013
News
Press Release
HUD’s Oversight of Its Moving to Work Demonstration Program Needs Improvement
We audited the U.S. Department of Housing and Urban Development’s (HUD) oversight of its Moving to Work Demonstration program based on the HUD Office of Inspector General’s (OIG) initiative to focus HUD management’s attention on problem areas on which we and others have reported over the years. Read More
Septiembre 26, 2013
Report
#2013-PH-0004
The Adams County Housing Authority, Commerce City, CO, Did Not Properly Use Its Disposition Sales Proceeds
The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General audited the Adams County Housing Authority based on concerns that the Authority did not follow HUD regulations in the use of its disposition sales proceeds. The objectives of our audit were to determine Read More
Septiembre 25, 2013
Report
#2013-DE-1004
The City of Auburn, NY Community Development Block Grant Program
We audited the City of Auburn, NY’s Community Development Block Grant (CDBG) program based on an Office of Inspector General risk analysis that considered the amount of funding the City had available to expend. The objectives of the audit were to determine whether the City had (1) Read More
Septiembre 25, 2013
Report
#2013-NY-1010
The Malakoff Housing Authority, Malakoff, TX, Did Not Have Sufficient Controls Over Its Public Housing Programs, Including Its Recovery Act Funds
In accordance with our regional plan to review public housing programs and because of weaknesses identified by the U.S. Department of Housing and Urban Development’s (HUD) Office of Public Housing, we reviewed the Malakoff Housing Authority, Malakoff, TX. Our objective was to determine Read More
Septiembre 25, 2013
Memorandum
#2013-FW-1805
11 Chicago-area residents indicted in mortgage fraud scheme
Eleven residents of Chicago and its suburbs have been indicted in a $14.5 million mortgage fraud scheme that involved homes on the city’s south and west sides.
The Justice Department said the alleged wrongdoing involved 10 properties, 52 home loans and straw buyers who were fraudulently qualified Read More
Septiembre 24, 2013
News
Artículo
Ten Defendants Indicted in Alleged $14.5 Million Mortgage Fraud Scheme That Resulted in $8 Million Loss to Lenders
CHICAGO―Ten defendants, including five licensed loan originators, were indicted for allegedly participating in a scheme to fraudulently obtain approximately 52 residential mortgage loans totaling at least $14.5 million from various lenders. The indictment alleges that the mortgages were obtained Read More
Septiembre 24, 2013
News
Press Release
Corrective Action Verification - Underwriting Review of 15 Lenders, Report 2011-CF-1801
We completed a corrective action verification of a recommendation made to the U.S. Department of Housing and Urban Development’s (HUD) Office of Single Family Program Department pertaining to our underwriting review of 15 Federal Housing Administration (FHA) lenders in Audit Memorandum 2011-CF- Read More
Septiembre 23, 2013
Memorandum
#2013-LA-0804
Civil Money Penalty Imposed on Borrower for Violation of Home Equity Conversion Mortgage Principal Residency Requirement
We audited the U.S. Department of Housing and Urban Development’s (HUD) oversight of its Home Equity Conversion Mortgage (HECM) program and found that 33 borrowers had more than 1 loan under the program. Having multiple loans violated program requirements because HUD requires borrowers to Read More
Septiembre 19, 2013
Memorandum
#2013-PH-1805
HUD Had Made Progress in Reducing Oversubsidization in the Housing Choice Voucher Program, but the Problem Continued To Exist
The U.S. Department of Housing and Urban Development - Office of Inspector General audited HUD’s Housing Choice Voucher program based on an internal audit suggestion. A 2007 HUD-OIG audit report (2007-FW-0001) indicated problems with oversubsidization in the program, and since then, the Read More
Septiembre 22, 2013
Report
#2013-KC-0005
Reviews of Six FHA Lenders Demonstrated That HUD Needs To Strengthen Its Oversight of Prohibited Restrictive Covenants
The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General (OIG), conducted a limited review of HUD’s oversight of loans underwritten by HUD-approved Federal Housing Administration (FHA) lenders. We conducted the internal review as part of OIG’s annual audit plan Read More
Septiembre 22, 2013
Memorandum
#2013-LA-0803