| Text of Recommendation | Reimburse FHA borrowers $376,102 for the unallowable, misrepresented discount fees and $7,110 for fees that were not customary or reasonable. |
|---|---|
| Recommendation Number | 2015-LA-1005-001-E |
| Recommendation Status | Open |
| Recommendation Questioned Costs | $383,212 |
| Recommendation Funds for Better Use | $0 |
| Submitting OIG | |
|---|---|
| Report Title | NOVA Financial & Investment Corporation's FHA-Insured Loans With Downpayment Assistance Gifts Did Not Always Meet HUD Requirements |
| Report Submitting OIG-Specific Report Number | 2015-LA-1005 |
| Report Date Issued | Thursday, July 9, 2015 |
| Report Questioned Costs | $0 |
| Report Funds for Better Use | $0 |