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Report File
Date Issued
Submitting OIG
Department of Housing and Urban Development OIG
Other Participating OIGs
Department of Housing and Urban Development OIG
Agencies Reviewed/Investigated
Department of Housing and Urban Development
Components
Single Family Housing
Report Number
2018-KC-0004
Report Type
Audit
Agency Wide
Yes
Number of Recommendations
0
Questioned Costs
$5,690,000
Funds for Better Use
$6,770,000

Open Recommendations

This report has 3 open recommendations.
Recommendation Number Significant Recommendation Recommended Questioned Costs Recommended Funds for Better Use Additional Details
2018-KC-0004-001-A No $5,690,000 $0

Pursue the collection of the $5,690,000 in surplus proceeds that HUD was entitled to receive from 2017 loan terminations.

2018-KC-0004-001-B No $0 $0

Implement a policy to require servicers to send surplus proceeds notifications to the HUD Secretary-held assets servicing contractor and establish procedures to improve HUD's surplus proceeds collection efforts.

2018-KC-0004-001-C No $0 $6,770,000

Redesign the partial claim program to eliminate its weaknesses and ensure that partial claims benefit from a stronger lien position to put $6,770,000 to better use.

Department of Housing and Urban Development OIG

United States