We reviewed Federal Housing Administration (FHA)-insured loan settlement documents from two branches of DHI Mortgage Company, LTD (DHI Mortgage), in Arizona. During a previous audit of loan origination by the same branches (audit report number 2009-LA-1018), there was information indicating that the Real Estate Settlement Procedures Act (Act) might have been violated; however, we were unable to report on the issue at the time. Our review followed up with the objective to determine whether DHI Mortgage branch offices in Arizona charged borrowers for services and disclosed settlement charges in accordance with the Act’s and the U.S. Department of Housing and Urban Development’s (HUD) requirements. The report conveys our concerns regarding the potential noncompliance with certain sections of the Act, irrespective of the responsible parties. There are no recommendations with the report. As of July 21, 2011 the responsibility to administer the Act will be transferred to the Bureau of Consumer Financial Protection established under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
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