U.S. flag

An official website of the United States government Here’s how you know

The .gov means it’s official.

Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

The site is secure.

The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Hotline

Report Fraud, Waste and Abuse
753 items
    Clear all
    Date Issued
    The Universal American Mortgage Company, Miami, FL, Branch, Did Not Comply With HUD Regulations When Originating and Underwriting FHA Loans and Implementing Its Quality Control Program
    HUD OIG audited Universal American Mortgage, Co. LLC, located in Miami, FL, in accordance with our annual audit plan. Universal was selected for review because its default rate of 3.8 percent was higher than the Miami area default rate of 1.9 percent. Our objectives were to determine whether the lender followed U.S. Department of Housing and Urban Development (HUD) requirements when originating and underwriting loans and implementing its…
    June 06, 2012
    Report
    #2012-AT-1013
    Final Civil Action – Alleged Violations of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, Making False Statements in Support of a Loan Application to Defraud a Financial Institution
    The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General (OIG), conducted a review to determine whether Indymac Bank followed Federal Housing Administration (FHA) policies and procedures when it originated FHA-insured loans. We identified a set of questionable loans originated by Indymac that had been generated by Beechwood Incorporated, a company that conducted various real estate services. Based on our review…
    June 05, 2012
    Memorandum
    #2012-CF-1805
    Final Civil Action – Alleged Violations of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, Making False Statements in Support of a Loan Application to Defraud a Financial Institution
    The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General (OIG), conducted a review to determine whether Indymac Bank followed Federal Housing Administration (FHA) policies and procedures when it originated FHA-insured loans. We identified a set of questionable loans originated by Indymac that had been generated by Beechwood Incorporated, a company that conducted various real estate services. Based on our review…
    June 05, 2012
    Memorandum
    #2012-CF-1806
    Final Civil Action – Alleged Violations of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, Making False Statements in Support of a Loan Application to Defraud a Financial Institution
    The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General (OIG), conducted a review to determine whether Indymac Bank followed Federal Housing Administration (FHA) policies and procedures when it originated FHA-insured loans. We identified a set of questionable loans originated by Indymac that had been generated by Beechwood Incorporated, a company that conducted various real estate services. Based on our review…
    June 05, 2012
    Memorandum
    #2012-CF-1807
    Nations Lending Corporation, Independence, OH, Needs To Improve Its Quality Control Reviews of Early Payment Defaulted Loans
    The U.S. Department of Housing and Urban Development, Office of Inspector General audited Nations Lending Corporation, a Federal Housing Administration (FHA)-approved nonsupervised direct endorsement lender approved to originate, underwrite, and submit mortgages for insurance under the U.S. Department of Housing and Urban Development’s (HUD) direct endorsement program. We selected Nations for audit based on our risk assessment of single-family…
    June 01, 2012
    Report
    #2012-CH-1008
    Nationwide Mortgage & Associates, Inc., Fort Lauderdale, FL, Did Not Follow HUD Requirements in Approving FHA Loans and Implementing Its Quality Control Program
    HUD OIG audited Nationwide Mortgage & Associates, Inc., a Federal Housing Administration (FHA)-approved non-supervised direct endorsement lender located in Fort Lauderdale, FL. We selected this lender because its default rate of 4 percent was higher than the Miami U.S. Department of Housing and Urban Development (HUD) area average default rate of 2 percent. The audit objectives were to determine whether the lender followed HUD requirements…
    May 31, 2012
    Report
    #2012-AT-1011
    Amar Plaza, La Puente, CA, Was Not Administered in Accordance With HUD Rules and Regulations
    We reviewed the books and records of Amar Plaza (project), a U.S. Department of Housing Department (HUD)-insured (Section 236) multifamily cooperative housing project with project-based Section 8 assistance located in La Puente, CA. We initiated the review in response to a request from the Departmental Enforcement Center due to its concerns about Amar Plaza’s serious compliance issues, including but not limited to overdue 2009 and 2010…
    May 21, 2012
    Report
    #2012-LA-1006
    SWBC Mortgage Corporation Did Not Folow HUD-FHA Underwriting Requirements in 1 and Had Minor Deficiencies In 3 of 10 Single Family Loans
    We audited SWBC Mortgage Corporation, a Federal Housing Administration (FHA) direct endorsement lender in San Antonio, TX. We selected the lender for audit because as of September 30, 2011, it had 25 seriously delinquent loans. Our objective was to determine whether the lender originated single-family home loans in accordance with U. S. Department of Housing and Urban Development (HUD) and FHA requirements for loans with amortization dates…
    May 15, 2012
    Report
    #2012-FW-1007
    Corrective Action Verification -HUD's Housing Counseling Assistance Program
    We completed a corrective action verification regarding the recommendations made to the U.S. Department of Housing and Urban Development’s (HUD) Office of Single Family Program Development pertaining to our review of HUD’s monitoring of the Housing Counseling Assistance Program, Audit Report 2006-NY-0001, issued June 8, 2006. The purpose of the corrective action verification was to determine whether the audit recommendations had been…
    May 08, 2012
    Memorandum
    #2012-NY-0801
    HUD Generally Established Controls Over the Section 242 Program but Used an Outdated Handbook, and Its Guidance Had Not Been Cleared Through HUD’s Directives System
    The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General reviewed HUD’s Section 242 Mortgage Insurance for Hospitals program to determine whether HUD established controls to approve and administer projects under the Section 242 program and whether HUD used an updated handbook to administer its Section 242 program and used and provided to program participants written guidance that had been approved through HUD’s…
    April 10, 2012
    Report
    #2012-KC-0001
    Final Civil Action – Loan Origination Fraud on Federal Housing Administration Loans (Report Not Available to the Public)
    We reviewed alleged violations of U.S. Department of Housing and Urban Development (HUD) Federal Housing Administration (FHA) loan origination requirements by the subject. We concluded that the subject placed fraudulent information and documents in mortgage loan applications for Government-insured home loans. The Department of Justice filed a complaint under the Financial Institutions Reform, Recovery, and Enforcement Act; and in March 2012…
    March 30, 2012
    Memorandum
    #2012-CF-1803
    Final Civil Action – Loan Origination Fraud on Federal Housing Administration Loans (Report Not Available to the Public)
    We reviewed alleged violations of U.S. Department of Housing and Urban Development (HUD) Federal Housing Administration (FHA) loan origination requirements by the subject. We concluded that the subject created and altered documents used in mortgage loan applications for Government-insured home loans. The Department of Justice filed a complaint under the Financial Institutions Reform, Recovery, and Enforcement Act; and in December 2011 reached…
    March 30, 2012
    Memorandum
    #2012-CF-1801
    Final Civil Action – Loan Origination Fraud on Federal Housing Administration Loans (Report Not Available to the Public)
    We reviewed alleged violations of U.S. Department of Housing and Urban Development (HUD) Federal Housing Administration (FHA) loan origination requirements by the subject. We concluded that the subject placed fraudulent information and documents in mortgage loan applications for Government-insured home loans. The Department of Justice filed a complaint under the Financial Institutions Reform, Recovery, and Enforcement Act; and in December 2011…
    March 30, 2012
    Memorandum
    #2012-CF-1802
    Four Freedoms House of Philadelphia, Inc., Philadelphia, PA, Generally Managed Its Section 202 Housing Project in Accordance With Applicable Requirements
    We audited Four Freedoms House of Philadelphia, Inc.’s management of its Section 202 housing project. We selected Four Freedoms for an audit because we received a complaint alleging that it mismanaged its Section 202 housing project. Our audit objective was to determine whether Four Freedoms managed its Section 202 housing project according to the requirements of its regulatory agreement and applicable HUD requirements. We focused the audit…
    March 14, 2012
    Report
    #2012-PH-1007
    J&M Mortgage Brokers, Ltd., Houston, TX, Did Not Comply With HUD-FHA Loan Requirements in Underwriting 6 of 20 Loans
    We audited J&M Mortgage Brokers, Ltd., dba Mortgages USA, a Dallas, TX-based nonsupervised direct endorsement lender. We selected J&M because it had a high rate of defaults and claims within the first year. Our audit objectives were to determine whether J&M originated Federal Housing Administration (FHA)-insured single family mortgages in accordance with U. S. Department of Housing and Urban Development (HUD) regulations,…
    March 14, 2012
    Report
    #2012-FW-1006
    Ally Financial, Incorporated Foreclosure and Claims Process Review Fort Washington, PA
    As part of the Office of Inspector General’s (OIG) nationwide effort to review the foreclosure practices of the five largest Federal Housing Administration (FHA) mortgage servicers (Bank of America, Wells Fargo Bank, CitiMortgage, JP Morgan Chase, and Ally Financial, Incorporated) we reviewed Ally Financial, Incorporated’s foreclosure and claims processes. In addition to this memorandum, OIG issued separate memorandums for each of the other…
    March 12, 2012
    Memorandum
    #2012-PH-1801
    Bank of America Corporation, Foreclosure and Claims Process Review Charlotte, NC
    As part of the Office of Inspector General’s (OIG) nationwide effort to review the foreclosure practices of the five largest Federal Housing Administration (FHA) mortgage servicers (Bank of America, Wells Fargo Bank, CitiMortgage, JP Morgan Chase, and Ally Financial, Incorporated) we reviewed Bank of America’s foreclosure and claims processes. In addition to this memorandum, OIG issued separate memorandums for each of the other four reviews.…
    March 12, 2012
    Memorandum
    #2012-FW-1802
    Wells Fargo Bank, Foreclosure and Claims Process Review, Fort Mill, SC
    As part of the Office of Inspector General’s (OIG) nationwide effort to review the foreclosure practices of the five largest Federal Housing Administration (FHA) mortgage servicers (Bank of America, Wells Fargo Bank, CitiMortgage, JP Morgan Chase, and Ally Financial, Incorporated) we reviewed Wells Fargo’s foreclosure and claims processes. In addition to this memorandum, OIG issued separate memorandums for each of the other four reviews. OIG…
    March 12, 2012
    Memorandum
    #2012-AT-1801
    CitiMortgage, Inc. Foreclosure and Claims Process Review O’Fallon, MO
    As part of the Office of Inspector General’s (OIG) nationwide effort to review the foreclosure practices of the five largest Federal Housing Administration (FHA) mortgage servicers (Bank of America, Wells Fargo Bank, CitiMortgage, JP Morgan Chase, and Ally Financial, Incorporated) we reviewed CitiMortgage’s foreclosure and claims processes. In addition to this memorandum, OIG issued separate memorandums for each of the other four reviews. OIG…
    March 12, 2012
    Memorandum
    #2012-KC-1801
    JPMorgan Chase Bank N.A. Foreclosure and Claims Process Review Columbus, OH
    As part of the Office of Inspector General’s (OIG) nationwide effort to review the foreclosure practices of the five largest Federal Housing Administration (FHA) servicers (Bank of America, Wells Fargo Bank, CitiMortgage, Ally Financial, Incorporated, and JPMorgan Chase Bank), we reviewed JPMorgan Chase Bank’s (Chase) foreclosure and claims processes. In addition to this memorandum, OIG issued separate memorandums for each of the other four…
    March 12, 2012
    Memorandum
    #2012-CH-1801