KBAK Eyewitness News BAKERSFIELD, Calif. (KBAK/KBFX) — A Los Angeles man pleaded guilty Monday to bank fraud in connection with a mortgage fraud scheme in Bakersfield, according to federal prosecutors. Nine people were named in an indictment last summer. Ricardo Fabian Salinas, 34, is scheduled Read More

The New York Times Attorney General Eric Schneiderman of New York announced this week that he plans to sue Bank of America and Wells Fargo for failure to adhere to the terms of a $26 billion settlement that was supposed to provide relief to homeowners and end foreclosure abuses...

lohud.com YONKERS — The city is cleaning up from years of shoddy record keeping and seeking millions of dollars from delinquent borrowers in a troubled federal job-creation loan program. In a report Monday, Yonkers Inspector General Kitley Covill documented the city’s progress collecting back due Read More

News-Herald.com A Kirtland man was sentenced Tuesday to two years in prison for being part of a mortgage fraud scheme that cost lenders more than $2.2 million. Kevin D. Barcomb, 39, was also ordered to pay the entire amount of restitution to lenders after his release at a rate of no less than 10 Read More

The U.S. Department of Housing and Urban Development’s (HUD) Office of Inspector General audited ACORN Associates, Inc.’s (Associates) use of its fiscal years 2004 and 2005 Lead Elimination Action Program (program) grant funds. Associates was selected for audit based upon a request from HUD’s Read More

In this report, we provide additional details to supplement our Report on the U.S. Department of Housing and Urban Development's (HUD) Fiscal Years 20010 and 2009 Financial Statements, which is included in HUD's Fiscal Year 2010 Agency Financial Report. In OIG's opinion, based on our audit and Read More

We conducted an annual limited scope review of the U.S. Department of Housing and Urban Development's (HUD) compliance with Presidential Executive Order (EO) 13520, Reducing Improper Payments. HUD was in general compliance with EO 13520 annual reporting requirements. We concluded that HUD's Read More

This report presents the results Clifton Gunderson's (CG) audit of the fiscal year 2010 and 2009 financial statements of the Federal Housing Administration (FHA). The report on FHA's financial statements, dated November 3, 2010 includes an unqualified opinion on FHA's financial statements. The Read More

This report presents the results of Carmichael, Brasher, Tuvell and Company's (CBTC) audit of the Government National Mortgage Association's (Ginnie Mae) financial statements for the fiscal years ended September 30, 2010 and 2009. In CBTC's opinion, the financial statements present fairly, in all Read More

We audited the Housing Choice Voucher program (Voucher program) at the Brockton Housing Authority (Authority) as part of our annual audit plan. Theoverall objective of the audit was to determine whether the Authority efficientlyand effectively administered its Voucher program in compliance with Read More

We audited the Cambridge Housing Authority (Authority) because it obligated a majority of its $4.4 million Public Housing Capital Fund Stimulus (Formula) Recovery Act Funded grant (grant) received under the American Recovery and Reinvestment Act of 2009 just before the required obligation deadline Read More