Submitting OIG:
Report Description:
We audited lender reporting of COVID-19 forbearances for Federal Housing Administration (FHA)-insured loans in the Single Family Default Monitoring System (SFDMS). We compared default reporting data from SFDMS to loan data provided by five sampled servicing lenders that serviced a third of the FHA single-family portfolio. Our audit objective was to determine whether COVID-19 forbearance data available in SFDMS were consistent with the information maintained by loan servicers. We found that COVID-19 forbearance data available in SFDMS were generally consistent with the information maintained by the loan servicers reviewed. This report contains no recommendations.
Date Issued:
Monday, August 16, 2021
Agency Reviewed / Investigated:
Submitting OIG-Specific Report Number:
2021-KC-0005
Component, if applicable:
Federal Housing Administration (FHA)
Location(s):
Agency-Wide
Type of Report:
Audit
Special Projects:
Questioned Costs:
$0
Funds for Better Use:
$0
Number of Recommendations:
0
View Document:
Attachment | Size |
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2021-KC-0005.pdf | 529.62 KB |