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Crime, Fraud, Waste, and Abuse

The Offices of Audit and Evaluation supervise and conduct independent and objective audits, evaluations, and other reviews of U.S. Department of Housing and Urban Development (HUD) programs and activities to ensure they operate economically, efficiently, and effectively. This page contains links to our audit and evaluation reports and memoranda.

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    Ginnie Mae Did Not Formally Assess Rising Nonbank Concentration Risk
    We audited the Government National Mortgage Association’s (Ginnie Mae) management of its portfolio of federally guaranteed mortgage-backed securities (MBS).  We initiated this audit because of our internal monitoring of the Ginnie Mae portfolio as well as the issuance of a Financial Stability Oversight Council report in 2024 on the rising risks presented by nonbank mortgage companies.  Our audit objective was to assess Ginnie…
    March 30, 2026
    Report
    #2026-KC-0002
    Evaluating Public Housing Agency Challenges With the HUD Veterans Affairs Supportive Housing Program
    We conducted this evaluation due to the growing homeless crisis and the U.S. Department of Housing and Urban Development’s (HUD) establishing a goal of ending homelessness.  Our objective was to evaluate the challenges that participating public housing agencies (PHA) face in meeting the goals and objectives of the HUD Veterans Affairs Supportive Housing (VASH) program. The results from our limited review may help HUD in…
    November 30, 2021
    Report
    #2022-LA-0801