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Report Fraud, Waste and Abuse
  • Recommendation Number: 2024-KC-0001-001-B
  • Status: Closed
  • Date Issued: April 18, 2024
Closed Date:
July 11, 2024

Implement improved verification checks to prevent participation of restricted entities.

Publication Report

2024-KC-0001 | April 18, 2024

HUD Can Improve Its Loan Purchaser Qualification Vetting To Better Achieve Its Mission Objectives

We audited the Federal Housing Administration (FHA), Office of Asset Sales’ U.S. Department of Housing and Urban Development (HUD)-Held Vacant Loan Sales (HVLS) program.  The audit objective was to assess the extent to which HUD achieved its mission… more

Related Recommendations

Housing

  •  
    Status
      Open
      Closed
    2024-KC-0001-001-A
    Closed on July 11, 2024

    Require the transaction specialist contractor to change its application review process to prevent incomplete applications from being considered during vacant loan sales and that recommendations to approve applications are supported by written analysis.

  •  
    Status
      Open
      Closed
    2024-KC-0001-001-C
    Closed on July 24, 2024

    Implement an improved process to review and update program controls before each sale to achieve its mission objectives.