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HUD's COVID-19 Forbearance Reporting

Title Announced Priority Area Program Area State
HUD's COVID-19 Forbearance Reporting
Published Report(s)
09/2020 COVID-19: Mortgage Loan Forbearance Housing and FHA All

Summary

HUD-OIG is auditing COVID-19 single family forbearance reporting. The audit will help HUD to determine how accurately the servicers are reporting the forbearance assistance offered to their customers. The audit will further enable HUD to adequately forecast the performance of its FHA loan portfolio in order to maintain an adequate capital ratio. The audit objective is to determine whether data available in HUD’s single family default monitoring system (SFDMS) is consistent with information maintained by loan servicers.