While the majority of companies promoting FHA reverse mortgages are safe there are some mortgage fraudsters out to take your money, your house, or even your identity. Reading this alert is your best defense. A reverse mortgage allows borrowers to convert part of the equity in their homes into cash without having to sell their homes. To aid in this process, borrowers must meet with an FHA-approved Reverse Mortgage Lender to discuss program…

This bulletin provides an overview of areas in which to prevent fraud and mismanagement. All public housing agency (PHA) commissioners should know steps to take in maintaining integrity at their PHA. HUD-OIG will issue more in-depth coverage for each of these areas in future bulletins.

Goods and services must be procured in an effective manner and in compliance with Federal, State, and local laws.  Although the majority of public housing agencies (PHA) comply with these rules and regulations, we are issuing this bulletin to assist you in identifying weaknesses in procurement and contracting procedures. 

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Goods and services must be procured in an effective manner and in compliance with Federal, State, and local laws.  These laws exist to ensure that funds are awarded through fair and open competition and are spent on eligible and reasonably priced goods and services.  Although the majority of grantees and subrecipients comply with these rules and regulations, we are issuing this bulletin to assist you in identifying potential…

HUD OIG drafted a bulletin outlining guidance that the Federal Housing Administration (FHA) has provided for borrowers and servicers to implement the forbearance provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

HUD OIG drafted a fraud bulletin outlining potential loan modification and foreclosure rescue schemes that borrowers may face. 

HUD OIG drafted a bulletin providing recommendations to assist in providing an ethical climate. 

HUDOIG drafted a fraud bulletin on how to identify anticompetitive bidding schemes that may occur in COVID-19-Related procurements.

HUD OIG drafted a fraud bulletin outlining potential common reverse mortgage schemes that borrowers may face, along with actions to take and not take if you are considering a reverse mortgage loan.

HUDOIG drafted a fraud bulletin outlining potential schemes where unscrupulous actors use misleading product information to entice business owners and government agencies to purchase defective or ineffective equipment or products that are purported to protect people from COVID-19.

The urgency in post-disaster recoveries often leads State and local officials to work to quickly restore infrastructure and public services and help make repairs. Such urgency can sometimes result in cutting corners with CDBG program requirements. However, grantees and sub-recipients that do not follow all CDBG program requirements may be forced to repay Federal funds.

Foreclosure fraud schemes can happen when a homeowner falls behind on their mortgage, usually, after a sudden life changing event challenges their financial stability, such as a death, a job loss, a medical issue, or other unforeseen event.

Landlords cannot change the rent without obtaining approval from the local housing authority and cannot avoid Federal rent limits by making side deals with tenants.

The Lead Disclosure Rule requires landlords to provide disclosures concerning lead paint to prospective tenants in “target housing,” which includes most houses constructed before 1978.

Fraudulent deed activity can impact anyone who might buy, sell, or own property; however, the elderly, distressed homeowners, and unwitting buyers and renters have been particularly impacted by this scheme.

Reverse mortgages are complex loans, making them the perfect breeding ground for a scam. Scammers use this type of loan to take advantage of older Americans— stealing their hard-earned money and, in some cases, their homes.

Be aware that individuals purporting to be landlords are listing properties for rent that they do not own on various rental websites. These impostor landlords may be part of a complex organized criminal enterprise operating outside of the United States.

Description: Public corruption occurs when a public official misuses their position for personal benefit. While most public servants are honest, even a small amount of public corruption carried out by a dishonest few can have a devastating effect on the public’s trust in Government.

Identity theft is a common fraud scheme that can negatively impact HUD programs and its beneficiaries. ID theft happens when someone steals your personal information or create false identities to commit fraud, such as using a stolen identity to apply for and illegally receive HUD benefits.