The Changing Hazard Insurance Market and FHA | Office of Inspector General, Department of Housing and Urban Development

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Title	Announced	Priority Area	Program Area	State
The Changing Hazard Insurance Market and FHA	08/2024	Protecting the Mortgage Insurance Funds, Creating Access to Affordable Housing	Housing	California, Florida, Louisiana, Texas

Summary

HUD OIG is auditing the changing hazard insurance market on FHA borrowers and FHA. Our review will involve the review of hazard insurance cost data from January 1, 2018, through July 31, 2024, in Florida, Texas, Louisiana, and California overlayed with FEMA high-risk disaster maps and risk exposure associated with FHA insured homes in those states. Our objective is to assess the impact of the changing hazard insurance market on FHA borrowers and the Mutual Mortgage Insurance Fund.