Key Considerations and Lessons Learned From Prior Audits of FHA Partial Claims | Office of Inspector General, Department of Housing and Urban Development

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Title	Announced	Priority Area	Program Area	State
Key Considerations and Lessons Learned From Prior Audits of FHA Partial Claims	06/2020	Protecting the Mortgage Insurance Funds	Housing	All

Summary

HUD OIG is researching prior audits of HUD’s partial claims loss mitigation option. On July 8, 2020, FHA issued Mortgagee Letter 2020-22 informing mortgagees the full suite of loss mitigations available to single family borrowers affected by the COVID-19 pandemic. The purpose of this research is to provide HUD information regarding lessons learned and risks identified in these prior audits that HUD should act on now to ensure program integrity and mitigate the risk of financial loss for COVID-19 related partial claims.