The Office of Residential Care Facilities' Use of Real Estate Assessment Center Scores
Identify and implement a method to ensure that eligible RCFs receive database adjustments when appropriate under local code
The Office of Residential Care Facilities' Use of Real Estate Assessment Center Scores
Identify and implement a method to ensure that HUD does not instruct facilities to negate safety features
The Office of Residential Care Facilities' Use of Real Estate Assessment Center Scores
Identify and implement a method that ensures the expeditious followup inspection of RCFs
First American Mortgage Trust Settled Allegations of Failing To Comply With HUD's Federal Housing Administration Loan Requirements
Acknowledge that $250,000 of the $1,025,000 in the attached settlement represents an amount due HUD, less the U.S. Department of Justice’s (DOJ) civil debt collection fees.
Venta Financial Group, Inc., Las Vegas, NV, Improperly Originated FHA-Insured Loans With Restrictive Covenants
Work with HUD to nullify the restrictions on conveyance that violate HUD policy or indemnify HUD. This action will protect HUD against future losses of $418,277 for the eight loans.
Venta Financial Group, Inc., Las Vegas, NV, Improperly Originated FHA-Insured Loans With Restrictive Covenants
Repay HUD $5,482 for partial claims paid on two FHA loans that contained prohibited restrictive covenants.
Venta Financial Group, Inc., Las Vegas, NV, Improperly Originated FHA-Insured Loans With Restrictive Covenants
Develop and implement policies and procedures to identify prohibited restrictions on conveyance to ensure that it does not originate FHA loans with prohibited restrictive covenants.
Venta Financial Group, Inc., Las Vegas, NV, Improperly Originated FHA-Insured Loans With Restrictive Covenants
Provide training to its employees regarding HUD’s requirements related to prohibited restrictions on conveyance.
Venta Financial Group, Inc., Las Vegas, NV, Improperly Originated FHA-Insured Loans With Restrictive Covenants
Determine legal sufficiency and if legally sufficient, pursue civil and administrative remedies, civil money penalties, or both against Venta, its principals, or both for incorrectly certifying to the eligibility for FHA mortgage insurance or that due diligence was exercised during the origination of FHA loans.
MB Financial Bank, Rosemont, IL, Did Not Always Follow HUD's Underwriting Requirements but Generally Complied With Quality Control Requirements
We recommend that the Deputy Assistant Secretary for Single Family Housing require MB Financial to indemnify HUD against potential losses of $178,811 for the four loans that did not comply with underwriting requirements (appendix C). HUD provided us copies of the four executed indemnification agreements in August and September 2017. Therefore, upon issuance of this report, we will enter a management decision into HUD’s Audit Resolution and…
MB Financial Bank, Rosemont, IL, Did Not Always Follow HUD's Underwriting Requirements but Generally Complied With Quality Control Requirements
We recommend that the Deputy Assistant Secretary for Single Family Housing require MB Financial to provide training to its underwriters on HUD’s underwriting requirements for approving and rejecting loans.
MB Financial Bank, Rosemont, IL, Did Not Always Follow HUD's Underwriting Requirements but Generally Complied With Quality Control Requirements
We recommend that the Deputy Assistant Secretary for Single Family Housing require MB Financial to update its policies and procedures to ensure that its staff understands underwriting requirements and the requirement that loans be manually underwritten when a refer decision is received from automated underwriting systems or when a loan is downgraded to a manual underwrite.
MB Financial Bank, Rosemont, IL, Did Not Always Follow HUD's Underwriting Requirements but Generally Complied With Quality Control Requirements
We recommend that the Deputy Assistant Secretary for Single Family Housing require MB Financial to update its quality control plan to include the specific procedures to be used when reviewing rejected loan applications.
The Housing Authority of the City of Hartford, CT, Did Not Always Comply With Procurement Requirements
Support that $2,533,377 in costs were reasonable and allowable program expenses in accordance with requirements or repay from non-Federal funds the appropriate programs any amounts they cannot support.
The Housing Authority of the City of Hartford, CT, Did Not Always Comply With Procurement Requirements
Repay the appropriate programs from non-Federal funds the $1,524,604 in ineligible funds paid when costs exceeded contract terms.
The Housing Authority of the City of Hartford, CT, Did Not Always Comply With Procurement Requirements
Determine the appropriateness of the remaining balance of $1,242,154 on unsupported contracts to ensure costs were reasonable, reprocure the subject contracts, or reallocate the funds to the appropriate program.
The Housing Authority of the City of Hartford, CT, Did Not Always Comply With Procurement Requirements
Reprocure expired service contracts to ensure estimated balances of $375,526 are used on eligible contract.
The Housing Authority of the City of Hartford, CT, Did Not Always Comply With Procurement Requirements
Reprocure any service contracts necessary and ensure that the contracts are properly awarded in accordance with HUD requirements.
The Housing Authority of the City of Hartford, CT, Did Not Always Comply With Procurement Requirements
Strengthen and implement controls and procedures over procurement, including monitoring consultants, to ensure that procurement activities meet HUD requirements.
The Housing Authority of the City of Hartford, CT, Did Not Always Comply With Procurement Requirements
Establish and implement an effective system to ensure that payments do not exceed approved contract values.