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Closed Date:
October 01, 2018

Acknowledge that the attached settlement agreement for $1,500 represents an amount due HUD.

Publication Report

2017-PH-1801 | January 05, 2017

Final Civil Action Borrower Settled Alleged Violations of Home Equity Conversion Mortgage Program

We audited the U.S. Department of Housing and Urban Development’s (HUD) oversight of its Home Equity Conversion Mortgage (HECM) program and found that 33 borrowers had more than 1 loan under the program.  Having multiple loans violated program… more