| Text of Recommendation | Implement new data fields where lenders would be required to enter specific downpayment assistance information (for example, name of the source, name of assistance program, name of government entity or HFA, etc.) to allow for auditability and for HUD to generate reports and perform risk assessments. |
|---|---|
| Recommendation Number | 2017-LA-0003-001-F |
| Recommendation Status | Open |
| Recommendation Questioned Costs | $0 |
| Recommendation Funds for Better Use | $0 |
| Submitting OIG | |
|---|---|
| Report Title | HUD Failed To Adequately Oversee FHA-Insured Loans With Borrower-Financed Downpayment Assistance |
| Report Submitting OIG-Specific Report Number | 2017-LA-0003 |
| Report Date Issued | Thursday, March 2, 2017 |
| Report Questioned Costs | $0 |
| Report Funds for Better Use | $0 |