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    Deutsche Bank Berkshire Mortgage, Inc., Bethesda, MD, Acquired a $45.6 Million Loan That Was Not Properly Underwritten in Accordance With HUD's Multifamily Accelerated Processing Program
    We audited the underwriting of a $45.6 million mortgage loan that was acquired by Deutsche Bank Berkshire Mortgage, Inc. (the Lender) to rehabilitate Wingate Towers and Garden Apartments. The audit was performed based on a request from the U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Development. The Lender acquired and became responsible for the loan origination activities, personnel, books and…
    March 22, 2011
    Report
    #2011-PH-1009
    Not for public release
    June 04, 2010
    Memorandum
    #2010-KC-1801
    The Housing Authority of the City of Annapolis, Maryland, Did Not Comply with HUD and State of Maryland Lead-Based Paint Requirements in a Timely Manner
    We audited the Housing Authority of the City of Annapolis' (Authority) management of lead-based paint in its public housing units in response to a citizen complaint. The audit objective was to determine whether the Authority complied with U.S. Department of Housing and Urban Development (HUD) and State of Maryland (State) requirements for inspecting and abating lead-based paint hazards in its public housing units. The Authority…
    March 05, 2009
    Report
    #2009-PH-1006