Key Considerations and Lessons Learned From Prior Audits of the Single Family Default Monitoring System | 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 the Single Family Default Monitoring System Published Report(s) 2021-KC-0801	06/2020	Protecting the Mortgage Insurance Funds	Housing	All

Summary

HUD OIG is researching prior audits of HUD’s Single Family Default Monitoring System to provide HUD information regarding lessons learned and risks identified in these prior audits. The forbearances will result in increased claims filed against the insurance fund. The lessons learned from prior audits identify what actions HUD should take now to ensure program integrity and mitigate the risk of financial loss for COVID-19 related forbearance assistance and foreclosure moratorium related to single family loans.