Text of Recommendation | Request and analyze data from lenders for the 3,024 loans at risk of noncompliance to identify loans that should have been subject to the temporary endorsement policy or were otherwise ineligible for insurance. The data requested should include but not be limited to the dates when the borrower requested forbearance, the loan became subject to forbearance, and the loan was submitted for endorsement. |
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Recommendation Number | 2023-NY-0002-001-C |
Recommendation Status | Open |
Recommendation Questioned Costs | $0 |
Recommendation Funds for Better Use | $0 |
Submitting OIG | |
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Report Title | HUD Can Improve Oversight of Its Temporary Endorsement Policy for Loans in COVID-19 Forbearance |
Report Submitting OIG-Specific Report Number | 2023-NY-0002 |
Report Date Issued | Monday, May 15, 2023 |
Report Questioned Costs | $0 |
Report Funds for Better Use | $0 |