Items Tagged with 'HUD OIG'

ARTICLES

  • Urban Institute: HUD watchdog is wrong on borrower-financed down payment programs

    Says HUD-OIG misunderstands, overstates issue
    A recent report from HUD's watchdog said that HUD does not have sufficient oversight of borrower-financed down payment assistance programs for FHA-insured loans, which puts borrowers and the FHA’s flagship insurance fund at “unnecessary risk.” Analysts from the Urban Institute reviewed the report as well, and came to a different conclusion: HUD’s watchdog is wrong to call out the down payment assistance programs.
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  • Watchdog: HUD lacks sufficient oversight for borrower-financed down payment programs

    Report finds HUD “failed to adequately oversee” more than $16 billion in FHA loans
    The Department of Housing and Urban Development’s lack of oversight into borrower-financed down payment assistance programs for Federal Housing Administration-insured loans puts borrowers and the FHA’s flagship insurance fund at “unnecessary risk,” HUD’s watchdog said in a new report.
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  • EXCLUSIVE: Security vulnerabilities discovered in FHA systems

    Watchdog review discovers weakness in government's systems
    Some of the systems used by the Federal Housing Administration’s single-family insurance program are vulnerable to security breaches, an investigation by the agency’s watchdog uncovered recently. Details on the nature of the “vulnerabilities” are limited at this point, as the Office of the Inspector General for the Department of Housing and Urban Development chose not to share the full results of its investigation with the public.
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