| Text of Recommendation | Review fees identified in this report that were charged as part of borrower-financed downpayment assistance programs and determine whether they are reasonable or necessary. HUD should immediately notify lenders to discontinue charging any fees that are determined to be unreasonable and unnecessary. |
|---|---|
| Recommendation Number | 2017-LA-0003-001-G |
| 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 |