U.S. flag

An official website of the United States government Here’s how you know

The .gov means it’s official.

Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

The site is secure.

The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Hotline

Report Fraud, Waste and Abuse
  • Recommendation Number: 2020-FO-0001-001-D
  • Status: Closed
  • Date Issued: November 14, 2019
Closed Date:
January 30, 2020

Correct the programming error in the HERMIT system to ensure that the correct insurance-in-force balances are reported on the note disclosures.

Publication Report

2020-FO-0001 | November 14, 2019

Fiscal Years 2019 and 2018 Financial Statements Audit

This report presents the results of our audit of FHA’s principal financial statements and notes for the fiscal years ending September 30, 2019 and 2018, including our report on FHA’s internal control and test of compliance with selected provisions of… more

Related Recommendations

Housing

  •  
    Status
      Open
      Closed
    2020-FO-0001-001-A
    Closed on September 28, 2020

    Ensure that the HECM cash flow model assumptions capture all valid assignments or provide an analysis showing that the model results are not biased due to the exclusion of valid HECM assignments.

  •  
    Status
      Open
      Closed
    2020-FO-0001-001-B
    Closed on September 28, 2020

    Document and implement policies and procedures to ensure that data observations for key assumptions that are inconsistent with FHA’s understanding of program operations are researched and further analyzed and that all results are concurrently documented and included in the model documentation.

  •  
    Status
      Open
      Closed
    2020-FO-0001-001-C
    Closed on March 24, 2020

    Update the posting models to ensure that refunds relating to payments made in prior years are properly recorded in accordance with OMB Circular A-11.

  •  
    Status
      Open
      Closed
    2020-FO-0001-001-E
    Closed on January 29, 2020

    Develop policies and procedures to ensure that the line items in the required note disclosures are understood, properly calculated, and properly disclosed in the financial statements in accordance with OMB Circular A-136.