COVID-19 Loss Mitigation | Office of Inspector General, Department of Housing and Urban Development

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Title	Announced	Priority Area	Program Area	State
COVID-19 Loss Mitigation Published Report(s) 2023-KC-0005	03/2022	Protecting the Mortgage Insurance Funds	Housing	All

Summary

HUD OIG is conducting an audit of COVID-19 loss mitigation. In the summer of 2021, FHA introduced new recovery loss mitigation options for borrowers exiting forbearance, which will provide a path to deep and sustained recovery for borrowers who were significantly impacted by the pandemic by reinstating their loans from a delinquent to current status. Our audit objective is to determine if delinquent borrowers of FHA-insured loans received all available options to stay in their homes after forbearance ended.