Approximately 31,500 FHA-Insured Loans Did Not Maintain the Required Flood Insurance Coverage in 2020
The U.S. Department of Housing and Urban Development, Office of Inspector General, has completed its audit of Federal Housing Administration (FHA)-insured loans serviced in calendar year 2020. Our audit objective was to determine whether borrowers of FHA-insured loans maintained proper flood insurance coverage. We found FHA insured at least 31,500 loans serviced during calendar year 2020 for properties in SFHA flood zones that did...
Marzo 22, 2022
We audited the U.S. Department of Housing and Urban Development (HUD), Office of Community Planning and Development’s (CPD) oversight and monitoring of its Community Development Block Grant Disaster Recovery (CDBG-DR) slow-spending grantees. This was a self-initiated audit consistent with our oversight activities and current top priority areas. Our objective was to assess CPD’s monitoring and oversight tools related to the progress...
Enero 05, 2022
HUD Did Not Always Implement Corrective Actions To Further Ensure That HECM Borrowers Complied With Principal Residency Requirements
The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General (OIG), completed a corrective action verification (CAV) of recommendations from four prior home equity conversion mortgage (HECM) audit reports. The CAV was initiated because protecting the Federal Housing Administration (FHA) mutual mortgage insurance fund is one of HUD’s top management challenges. The prior audits determined that HUD lacked...
Diciembre 10, 2021
Testimony of the Honorable David A. Montoya Inspector General before the United States Senate Committee on Appropriations Subcommittee on Transportation, Housing and Urban Development and Related Agencies on the Federal Housing Administration (6/04/2013)
Junio 04, 2013