Items Tagged with 'Office of Inspector General'


  • HUD watchdog accuses EverBank of violating FHA short sale policies

    Recommends bank should repay $1.57 million to HUD
    According to the report from the HUD-OIG, EverBank improperly determined whether borrowers were eligible to participate in the FHA’s preforeclosure sale program and as a result of those failings, the FHA insurance fund paid approximately $1.57 million in improper claims.
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  • HUD watchdog sounds alarm on fraud activity

    Sequestration staffing cuts make oversight more difficult
    More fraudulent and abusive activity is surfacing within government housing programs as the Department of Housing and Urban Development finds itself struggling with fewer staff members after sequestration and an inability to implement certain best practices, HUD Inspector General David Montoya told Congress Tuesday.
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  • Office of Inspector General notice

    FHFA watchdog sounds alarm on loan loss reserves

    Fannie, Freddie delayed in adopting new accounting practices
    The Office of Inspector General has raised concerns that Fannie Mae and Freddie Mac are ignoring potential losses on overdue single-family residential mortgages since it has taken the enterprises three years to adopt new risk management and accounting practices.
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