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Audit of FHA’s Fiscal Years 2015 and 2014 Financial Statements
In accordance with the Chief Financial Officers Act of 1990 (Public Law 101-576), as amended, the Office of Inspector General (OIG) is required to audit the financial statements of the Federal Housing Administration (FHA) annually. The scope of our audit included FHA’s fiscal years 2015 and 2014 Read More
November 14, 2015
Report
#2016-FO-0002
Fiscal Year 2015 Review of Information System Controls in Support of the Financial Statements Audit
We reviewed information system controls over the U.S. Department of Housing and Urban Development’s (HUD) computing environment. This review was conducted as part of the Office of Inspector General’s audit of HUD’s financial statements for fiscal year 2015 under the Chief Financial Officer’s Read More
November 11, 2015
Report
#2016-DP-0001
Audit of Ginnie Mae’s Fiscal Years 2015 and 2014 (Restated) Financial Statements
This report presents the results of our audit of Ginnie Mae’s fiscal years 2015 and 2014 (restated) financial statements, including our report on Ginnie Mae’s internal control and test of compliance with selected provisions of laws and regulations applicable to Ginnie Mae.
For the second Read More
November 11, 2015
Report
#2016-FO-0001
Massachusetts Real Estate News: Real Estate Attorney Pleads Guilty to Mortgage Fraud Conspiracy
(Source: Realtytoday.com) Real estate attorney, Hyacinth Bellerose, pleaded guilty in participating in a wide-ranged scheme to defraud banks and mortgage companies.
The scheme was done as part of a conspiracy involving sham "short" sales of numerous residential properties in the Merrimack Valley Read More
November 09, 2015
News
Article
CBS6 Investigation: 'Over-income' Families and Public Housing
(Source: CBS6 News) ALBANY -- Public housing is a program designed to help low-income families by giving them a roof over their head. Last year, about 1.1 million families received public housing assistance. However, people continue to use the system - even after their salaries Read More
November 03, 2015
News
Article
Victoria Housing Authority Executive Director Resigns
Over lunch at the Sendera, the Victoria Housing Authority Board accepted the resignation of Executive Director Debbie Gillespie.
Gillespie's resignation comes about a month after an inspector general found the housing authority mismanaged more than $780,000 between Jan. 1, 2013 to March 31, 2014. Read More
October 15, 2015
News
Article
I-Team: People With Six-Figure Incomes Living In Taxpayer-Subsidized Housing
(Source: CBS Boston) BOSTON (CBS) – Like thousands of other low-income residents in Boston, Angelina Depina, 26, knows how tough it is to find an affordable place to live.
To qualify for subsidized public housing options, prospective tenants have to meet income restrictions. There is a lot of Read More
October 15, 2015
News
Article
HUD OIG Launches Integrity and Compliance Program
For Immediate Release: Read More
October 05, 2015
News
Press Release
The Housing Authority of the City of Pearsall, TX, Improperly Procured and Paid Its Interim Executive Director
In accordance with the Office of Inspector General’s (OIG) goal to ensure the integrity and soundness of the U.S. Department of Housing and Urban Development’s (HUD) Public and Indian Housing programs and to follow up on weaknesses identified in another review, we reviewed the Housing Authority of Read More
October 01, 2015
Memorandum
#2016-FW-1801
Allocation of Costs to the Waterbury Housing Authority Asset Management Projects Was Generally Supported
We audited the Waterbury Housing Authority’s administration of its asset management projects based on a risk assessment that considered the U.S. Department of Housing and Urban Development’s (HUD) risk assessment and the Authority’s funding and number of asset management units. Our overall Read More
September 29, 2015
Report
#2015-BO-1004
The New Hampshire Housing Finance Authority Administered Its HOME Investment Partnerships Program in Accordance With HUD Requirements
We audited the New Hampshire Housing Finance Authority’s HOME Investment Partnerships Program based on a risk analysis of the Authority’s program that considered the amount of funding and the results of HUD monitoring reviews and because the Office of Inspector General had not reviewed the Read More
September 29, 2015
Report
#2015-BO-1005
The Cooperative and Management Agent Lacked Adequate Controls Over the Operation of Carmen-Marine Apartments, Chicago, IL
We audited the U.S. Department of Housing and Urban Development’s (HUD) Resident Homeownership Program grant for Carmen-Marine Apartments (project). The audit was part of the activities in our fiscal year 2015 annual audit plan. We selected the project based on a request from HUD’s Read More
September 29, 2015
Report
#2015-CH-1010
The Richmond Redevelopment and Housing Authority, Richmond, VA, Did Not Comply With HUD Requirements When Procuring Services
We audited the Richmond Redevelopment and Housing Authority’s public housing program based on a request from the Office of Public Housing in the U.S. Department of Housing and Urban Development’s (HUD) Richmond, VA, field office. The request was made after media inquiries noted possible Read More
September 29, 2015
Report
#2015-PH-1008
LoanCare Did Not Always File Claims for Foreclosed-Upon Properties Held on Behalf of Ginnie Mae and Convey Them to FHA in a Timely Manner
The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General audited LoanCare, LLC, Virginia Beach, VA regarding its post-foreclosure activities as a single family master subservicer for the Government National Mortgage Association (Ginnie Mae). Our objective was Read More
September 29, 2015
Report
#2015-KC-1012
Taliafaro, Inc., a Multifamily Housing Management Agent, Did Not Always Comply With HUD’ Requirements or Its Own Policies and Procedures in the Disbursement of Project Funds and Collection of Its Fees
We reviewed the disbursement of project funds for seven of the Sections 202 and 811 supportive housing projects for the elderly and persons with disabilities managed by Taliafaro, Inc. We initiated the audit under the U.S. Department of Housing and Urban Development (HUD), Office of Read More
September 29, 2015
Report
#2015-AT-1012
The Housing Authority of the City of Durham, NC, Did Not Always Comply With HUD’s and Its Own Section 8 Housing Choice Voucher Program Requirements
We audited the Housing Authority of the City of Durham’s Section 8 Housing Choice Voucher program based on a hotline citizen complaint and as part of the activities in our fiscal year 2015 annual audit plan. Our objective was to determine whether the Authority administered its program in Read More
September 29, 2015
Report
#2015-AT-1011
The Pineville Housing Authority Mismanaged Its Public Housing Program
The U.S. Department of Housing and Urban Development (HUD) - Office of Inspector General audited the Pineville Housing Authority in Pineville, MO’s participation in HUD’s Office of Public and Indian Housing programs. Our audit objective was to determine whether the Authority operated its Read More
September 29, 2015
Report
#2015-KC-1009
The Lanagan Housing Authority Mismanaged Its Public Housing Program
The U.S. Department of Housing and Urban Development (HUD) - Office of Inspector General audited the Lanagan Housing Authority in Lanagan, MO’s participation in HUD’s Office of Public and Indian Housing programs. Our objective was to determine whether the Authority operated its public Read More
September 29, 2015
Report
#2015-KC-1011
The Anderson Housing Authority Mismanaged Its Public Housing Program
The U.S. Department of Housing and Urban Development (HUD) - Office of Inspector General audited the Anderson Housing Authority in Anderson, MO’s participation in HUD’s Office of Public and Indian Housing programs. Our objective was to determine whether the Authority operated its public Read More
September 29, 2015
Report
#2015-KC-1010
Snohomish County Generally Administered Its Community Development Block Grant Entitlement Program in Accordance With HUD Rules and Regulations
The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General audited Snohomish County’s Community Development Block Grant (CDBG) entitlement program because the U.S. Department of Housing and Urban Development (HUD), as part of its 2014 monitoring report, noted findings Read More
September 29, 2015
Report
#2015-SE-1002