The U.S. Department of Housing and Urban Development’s (HUD) Office of Inspector General (OIG) investigated alleged violations of Federal Housing Administration (FHA) regulations by RANlife, Inc.  We reviewed the single-family FHA loan files processed by RANlife to determine whether it complied with HUD’s rules and regulations in originating, underwriting, and endorsing the loans for FHA insurance.

On November, 23, 2015, RANlife entered into a settlement agreement with the United States.  To avoid the delay, uncertainty, inconvenience, and expense of lengthy litigation of the claims made to HUD on certain defaulted loans and in consideration of the mutual promises and obligations of the settlement agreement, RANlife agreed to pay FHA more than $1 million.  The settlement agreement was neither an admission of liability by RANlife nor a concession by the United States that its claims were not well founded.