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The Wyoming Community Development Authority Properly Administered HUD’s Loss Mitigation Program

We reviewed the administration of the U.S. Department of Housing and Urban Development’s (HUD) Loss Mitigation Program at the Wyoming Community Development Authority, located in Casper, WY.  Our objective was to determine whether the Authority properly administered HUD’s Loss Mitigation Program for Federal Housing Administration (FHA)-insured mortgages.  We selected the Authority based on its high rate of foreclosure claims.  Its foreclosure rate was more than four times the national average.

The Authority properly administered HUD’s Loss Mitigation Program for the FHA loans we reviewed.  This report contains no recommendations; therefore, no further action is necessary with respect to this report.