We recommend that HUD's Deputy Assistant Secretary for Single Family Housing require the lenders to support that the repairs to the properties associated with the six loans were not structural repairs or indemnify HUD for the four active loans with a total estimated loss of $222,073 and reimburse HUD for the actual loss of $83,322 incurred on the sale of two properties associated with FHA case numbers 052-4308836 and 034-8239100.
Questioned Costs
$305395
Funds for Better Use
$0
Recommendation Status
Open
Source UUID
HUD__Audit__2015-07-31__2015-CH-0001-2015-CH-0001-001-B
Recommendation Number
2015-CH-0001-001-B
Significant Recommendation
Yes