We audited the State of Georgia’s monitoring of its Community Development Block Grant Disaster Recovery (CDBG-DR) Hurricanes Harvey, Irma, and Maria (HIM) grants’ activities and subrecipients.  We initiated this audit to further HUD’s strategic objective to support effectiveness and accountability in long-term disaster recovery.  HUD awarded more than $50.9 million in disaster recovery funds to the State for the natural disasters that occurred in January and September 2017.  Our objective was to determine whether the State effectively monitored its CDBG-DR H

We identified gaps in Ginnie Mae’s guidance and process for troubled issuers.  Ginnie Mae made progress in developing an issuer default governance framework, but has not (1) defined its authorities for marketing troubled portfolios; (2) formalized guidance for how to identify potential buyers before extinguishment; (3) established expectations for determining portfolio value, price before sale, and evaluation against other options or (4) included a step to evaluate prospective purchasers’ ability to absorb an extinguished portfolio.&nbs