Just as New Haven was ready to start fixing the mess a developer made of a longtime housing co-op, a judge has halted a crucial tax foreclosure sale—and may have postponed any further action for at least three more months. Superior Court Judge Michael Maronich ruled that the city may not go ahead Read More

WASHINGTON – A Miami title agent and former mortgage broker was sentenced today for her role in a reverse mortgage loan fraud scheme. Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division, U.S. Attorney Wifredo A. Ferrer of the Southern District of Florida, Read More

NEW ORLEANS -- Based on the findings of our Eyewitness Investigation, federal authorities charged a developer whose family is a major supporter of Gov. Bobby Jindal with fraudulently billing a state Katrina recovery program. And Praveen Kailas pleaded guilty to one count of conspiracy to commit Read More

We audited The Lending Company, Inc., based on a hotline complaint, previous U.S. Department of Housing and Urban Development (HUD) reviews, and our goal to improve the integrity of the Federal Housing Administration (FHA) single-family insurance programs.  Our objectives were to determine Read More

CHARLOTTE — An Asheboro man and a Pinehurst man are among a group working for Phoenix Housing Group who are facing potentially decades in prison and millions in fines on federal charges involving a $158 million consumer and mortgage fraud conspiracy. The announcement was made by the U.S. Attorney’ Read More

The U.S. Department of Housing and Urban Development, Office of Inspector General is conducting an audit of the Wyoming Housing Opportunities Association. We are auditing the Wyoming Housing Opportunities Association based on information obtained during our audit of the Wyoming Community Read More

SAN DIEGO – A federal grand jury has indicted San Diego businessman Michael A. Smith on charges that he engaged in an elaborate scheme to defraud the Department of Housing and Urban Development (HUD) and the Mesa Grande Band of Mission Indians out of $1.25 million.  According to an Read More

The former manager of an Allentown mortgage company was sentenced Wednesday to four years in prison for his role in a long-running mortgage fraud scheme. U.S. District Judge Harvey R. Bartle also ordered Joel Tillett, 36, of Whitehall Township, to pay nearly $980,000 in restitution after he Read More

PHILADELPHIA – Joel Tillett, 36, of Whitehall, PA, was sentenced today to four years in prison and ordered to pay restitution of $979,562.20 in connection with a mortgage fraud conspiracy.  Tillett, the former general manager of Madison Funding, Inc., a now-defunct Allentown mortgage loan Read More

In accordance with the Government Corporation Control Act as amended (31 U.S.C. 9105), the Office of Inspector General engaged the independent certified public accounting firm of CliftonLarsonAllen LLP (CLA) to audit the fiscal years 2012 and 2011 financial statements of the Government National Read More

In accordance with the Government Corporation Control Act as amended (31 U.S.C. 9105), the Office of Inspector General engaged the independent certified public accounting firms of CliftonLarsonAllen LLP (CLA) to audit the fiscal year 2012 and Clifton Gunderson LLP[1] to audit the fiscal year 2011 Read More

The U.S. Department of Housing and Urban Development, Office of Inspector General reviewed the allegations contained in a hotline complaint against CARE Housing, Inc., Fort Collins, CO, to determine whether CARE accurately represented itself as an eligible community housing development Read More

In this report, we provide additional details to supplement our Report on the U.S. Department of Housing and Urban Development's (HUD) Fiscal Years 2012 and 2011 Financial Statements, which is included in HUD's Fiscal Year 2012 Agency Financial Report. In OIG's opinion, based on our audit and the Read More

We completed an audit of the City of Eagle Pass Housing Authority’s (Authority) American Recovery and Reinvestment Act of 2009 (Recovery Act) grant activities. The Authority was selected based on the U.S. Department of Housing and Urban Development’s (HUD), Office of the Inspector General’s (OIG) Read More

A subprime deal came back to haunt Fabrice Tourre, a former Goldman Sachs trader, when a federal jury in Manhattan found him liable for civil securities fraud. He is not the only one feeling the pain of a subprime transaction six years on. Hundreds of thousands of subprime borrowers are still Read More

An investor in a Charleston real estate development was sentenced today to time served for his role in a 2007 mortgage scheme that bilked lenders out of more than $400,000. Jason G. Haywood, who has no prior criminal history, agreed in a deal with federal prosecutors to turn over 31 villas at 1 Read More

We audited Essex County, NJ’s HOME Investment Partnerships Program based on a risk assessment that considered grantee funding, the U.S. Department of Housing and Urban Development’s (HUD) risk analysis, and prior audit coverage.  The objective of the audit was to determine whether County Read More

RIDGELAND — A Ridgeland lawyer has been sentenced to nearly four years in prison for fraud. The July 2011 indictment says Michael Earwood and a partner formed Kinwood Capital Group LLC, a real estate business that operated from 1998 to 2006. Prosecutors say Earwood asked the partner for money to Read More

We audited the State of Maryland’s Department of Housing and Community Development’s administration of its Emergency Mortgage Assistance program.  We audited the State’s program because the U.S. Department of Housing and Urban Development (HUD) awarded the State $61.6 million in Emergency Read More

President Barack Obama’s administration significantly overstated statistics from a year-long mortgage-fraud initiative, including total number of victims, their losses suffered and number of individuals criminally charged, according to an FBI memo. The Federal Bureau of Investigation, in the Read More