Items Tagged with 'HUD OIG'

ARTICLES

  • HUD inspector general investigating whether Trump administration slowed disaster aid to Puerto Rico

    Watchdog said it plans to report findings to Congress
    The Department of Housing and Urban Development Office of the Inspector General is looking into whether the White House interfered with aid approved for Puerto Rico as the island struggled to recover from 2017's Hurricane Maria. HUD-OIG attorney Jeremy Kirkland told members of the House Financial Services Committee on Tuesday that it will be meeting with congressional lawmakers to request a probe.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More