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Report Fraud, Waste and Abuse
  • Recommendation Number: 2015-LA-0002-001-I
  • Status: Open
  • Date Issued: July 06, 2015

Develop and implement written policies and procedures for situations in which the borrower for a Section 184 loan is an Indian housing authority, a tribally designated housing entity, or an Indian tribe.

Publication Report

2015-LA-0002 | July 06, 2015

HUD Did Not Provide Adequate Oversight of the Section 184 Indian Home Loan Guarantee Program

We audited the Section 184 Indian Home Loan Guarantee program based on the U.S. Department Housing and Urban Development (HUD), Office of Inspector General’s (OIG) research, analysis, and information provided by the Office of Investigation, detailing… more

Related Recommendations

Public and Indian Housing

  •  
    Status
      Open
      Closed
    2015-LA-0002-001-A
    $76,967,618.00
    Funds Put to Better Use

    Recommendations that funds be put to better use estimate funds that could be used more efficiently. For example, recommendations that funds be put to better use could result in reductions in spending, deobligation of funds, or avoidance of unnecessary spending.

    Develop and implement written policies and procedures with an emphasis on increased controls toward the monitoring, tracking, underwriting, and evaluating of the Section 184 program. Implementing these controls would reduce the current high level of risk in the program and result in potentially $76,967,618 in funds to be put to better use (see appendix A).

  •  
    Status
      Open
      Closed
    2015-LA-0002-001-B

    Develop and implement policies and procedures for a standardized monthly delinquency report format that lenders must follow when submitting information to OLG.

  •  
    Status
      Open
      Closed
    2015-LA-0002-001-C

    Develop and implement policies and procedures to deny payments to direct guarantee lenders for claims on loans that have material underwriting deficiencies.

  •  
    Status
      Open
      Closed
    2015-LA-0002-001-D

    Develop and implement policies and procedures to ensure that OLG uses enforcement actions available under 12 U.S.C. 1715z-3a(g) for lenders that do not underwrite loans according to the Section 184 processing guidelines.

  •  
    Status
      Open
      Closed
    2015-LA-0002-001-H

    Ensure that only underwriters that are approved by OLG are underwriting Section 184 loans.

  •  
    Status
      Open
      Closed
    2015-LA-0002-001-J

    Reconcile the total list of guaranteed Section 184 loans to the complete loan file storage list and identify and locate any missing loan files.