The U.S. Department of Housing and Urban Development (HUD) – Office of Inspector General (OIG) reviewed 46 Federal Housing Administration (FHA) loans that Pierce Commercial Bank underwrote as an FHA direct endorsement lender. Pierce was a supervised FHA direct endorsement lender located in Tacoma, WA. This case was referred to us by OIG’s Office of Investigation.
September 30, 2011
Seattle Housing Authority’s Capacity To Administer Recovery Act Funding Under the Capital Fund Program
The U.S. Department of Housing and Urban Development's (HUD) Office of Inspector General conducted a capacity review of Seattle Housing Authority’s (Authority) capital fund to determine whether there was evidence that the Authority lacked the capacity to adequately administer its Recovery Act funding in accordance with requirements.
April 21, 2010
The State of Washington Did Not Always Allocate Its Neighborhood Stabilization Program Funds Based on Greatest Need
We audited the State of Washington’s Neighborhood Stabilization Program. The audit was part of our fiscal year 2009 annual audit plan. We selected the State because it was responsible for the distribution of funds to the entitlement areas, as well as to nonentitlement areas for the state of Washington. Our objective was to determine whether the State’s Program implementation was compliant with U.S.
September 15, 2009
We audited late endorsement payment histories at Washington Mutual Bank (Washington Mutual), Seattle, Washington. We reported the results of our review in Audit Report 2005-SE-1006, issued on July 5, 2005.
November 16, 2008