HUD's COVID-19 Forbearance Reporting | Office of Inspector General, Department of Housing and Urban Development

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Title	Announced	Priority Area	Program Area	State
HUD's COVID-19 Forbearance Reporting Published Report(s) 2021-KC-0005	09/2020	COVID-19: Mortgage Loan Forbearance	Housing	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.