Testimony of The Honorable David A. Montoya Inspector General Office of Inspector General U.S. Department of Housing and Urban Development on HUD Management Issues (03/29/2012)

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…

El propósito de este boletín es refrescar el conocimiento sobre conductas prohibidas o ilegales, y recordarle a todos los empleados de su deber de informar. 

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.

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.

The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General (OIG), and the Office of the Chief Procurement Officer have identified an ongoing fraud scheme intentionally targeting small businesses, large corporations, government vendors, and contractors for the purpose of obtaining electronic equipment such as laptops, mobile phones, hard drives, digital projectors, solar panels, and other high-value merchandise. The…

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.