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New From the GAO

March 15, 2013 Comments off

New GAO Reports

Source: Government Accountability Office

DEPARTMENT OF ENERGY
Status of Loan Programs
GAO-13-331R, Mar 15, 2013

HOUSING AND URBAN DEVELOPMENT
Strategic Human Capital and Workforce Planning Should be an Ongoing Priority
GAO-13-282, Mar 15, 2013

INFORMATION SECURITY
IRS Has Improved Controls but Needs to Resolve Weaknesses
GAO-13-350, Mar 15, 2013

MEDICAID
Additional Enrollment and Expenditure Data for the Transitional Medical Assistance Program
GAO-13-454R, Mar 15, 2013

Categories: business and economics, Government Accountability Office, Internal Revenue Service, labor, Medicare and Medicaid, privacy and security, U.S. Department of Energy, U.S. Department of Housing and Urban Development

HUD Reports Slight Decline in Homelessness in 2012

December 11, 2012 Comments off

HUD Reports Slight Decline in Homelessness in 2012
Source: U.S. Department of Housing and Urban Development

On a single night last January, 633,782 people were homeless in the United States, largely unchanged from the year before. In releasing HUD’s latest national estimate of homelessness, U.S. Housing and Urban Development Secretary Shaun Donovan cited as hopeful that even during a historic housing and economic downturn, local communities are reporting significant declines in the number of homeless veterans and those experiencing long-term chronic homelessness. Read HUD’s 2012 Point-in-Time Estimates of Homelessness, including community-level data.

HUD’s annual ‘point-in-time’ estimate seeks to measure the scope of homelessness over the course of one night every January. Based on data reported by more than 3,000 cities and counties, last January’s estimate reveals a marginal decline in overall homelessness (-0.4%) along with a seven percent drop in homelessness among veterans and those experiencing long-term or chronic homelessness.

Categories: documents in the news, homelessness, U.S. Department of Housing and Urban Development

***NEW*** HUD OIG’s reviews of foreclosure practices at five of the nation’s largest FHA servicers

March 14, 2012 Comments off

HHS OIG’s reviews of foreclosure practices at five of the nation’s largest FHA servicers
Source: U.S. Department of Housing and Urban Development, Office of Inspector General

As part of the Office of Inspector General’s (OIG) nationwide effort to review the foreclosure practices of the five largest Federal Housing Administration (FHA) mortgage servicers (Bank of America, Wells Fargo Bank, CitiMortgage, JP Morgan Chase, and Ally Financial, Incorporated) we reviewed Wells Fargo’s foreclosure and claims processes. In addition to this memorandum, OIG issued separate memorandums for each of the other four reviews. OIG performed these reviews due to reported allegations made in the fall of 2010 that national mortgage servicers were engaged in widespread questionable foreclosure practices involving the use of foreclosure “mills” and a practice known as “robosigning” of sworn documents in thousands of foreclosures throughout the United States.

+ Issue Date: March 12, 2012
Audit Memorandum No. 2012-KC-1801 (PDF)
Title: CitiMortgage, Inc. Foreclosure and Claims Process Review O’Fallon, MO

+ Issue Date: March 12, 2012
Audit Memorandum No. 2012-PH-1801 (PDF)
Title: Ally Financial, Incorporated Foreclosure and Claims Process Review Fort Washington, PA

+ Issue Date: March 12, 2012
Audit Memorandum No. 2012-CH-1801 (PDF)
Title: JPMorgan Chase Bank N.A. Foreclosure and Claims Process Review Columbus, OH

+ Issue Date: March 12, 2012
Audit Memorandum No. 2012-FW-1802 (PDF)
Title: Bank of America Corporation, Foreclosure and Claims Process Review Charlotte, NC

+ Issue Date: March 12, 2012
Audit Memorandum No. 2012-AT-1801 (PDF)
Title: Wells Fargo Bank, Foreclosure and Claims Process Review, Fort Mill, SC

Categories: banks and banking, consumer issues, government and politics, housing and real estate, legal and law enforcement, Office of Inspector General, U.S. Department of Housing and Urban Development

FHA announces price cuts to encourage streamlined refinancing

March 8, 2012 Comments off

FHA announces price cuts to encourage streamlined refinancing
Source: Federal Housing Administration (U.S. Department of Housing and Urban Development)

Today, Acting Federal Housing (FHA) Commissioner Carol Galante announced significant price cuts to FHA’s Streamline Refinance Program that could benefit millions of borrowers whose mortgages are currently insured by FHA. Beginning June 11, 2012, FHA will lower its Upfront Mortgage Insurance Premium (UFMIP) to just .01 percent and reduce its annual premium to .55 percent for certain FHA borrowers.

To qualify, borrowers must be current on their existing FHA-insured mortgages which were endorsed on or before May 31, 2009. Late last month, FHA also announced it will increase its upfront premiums on most other loans by 75 basis points to 1.75 percent. In addition, FHA will raise annual premiums 10 basis points and 35 basis points on mortgages higher than $625,500.

+ Read FHA’s new Mortgagee Letter (PDF)

Categories: business and economics, consumer issues, government and politics, housing and real estate, U.S. Department of Housing and Urban Development

Fair Housing Report Demonstrates HUD’s Efforts to End Housing Discrimination

September 2, 2011 Comments off

Fair Housing Report Demonstrates HUD’s Efforts to End Housing Discrimination
Source: U.S. Department of Housing and Urban Development

A report released today by the U.S. Department of Housing and Urban Development (HUD) shows that the agency is resolving individual housing discrimination complaints faster, increasing its focus on complaints that affect multiple people, and launching more investigations using its authority to initiate cases on behalf of discrimination victims where no one has filed a complaint. HUD’s Annual State of Fair Housing Report also illustrates how the agency is helping municipalities and state and local agencies receiving HUD funding to comply with civil rights requirements and holding non-compliant recipients accountable.
…
More than 10,000 fair housing discrimination complaints were filed in fiscal year 2010, according to the report. Discrimination based on a person’s disability continued to be the largest single category of complaints. Of the 10,155 complaints filed with HUD and its Fair Housing Assistance Program partner agencies, 48 percent alleged disability discrimination, 34 percent alleged discrimination based on race, and 15 percent alleged discrimination based on family status – consistent with the number and type of complaints received during the previous three years.

The report shows that in fiscal year 2010, HUD and its Fair Housing Assistance Program partner agencies processed 4,494 new complaints within 100 days, 328 more than in 2009 and 583 more than in 2008. The report also shows that HUD proactively pursued its own Secretary-initiated investigations, charging four and conciliating eight cases that developed from such investigations, and launching another 10 such investigations.

+ Full Report (PDF)

Categories: bigotry, children and families, disabilities, ethnic, government and politics, housing and real estate, legal and law enforcement, race, social and cultural issues, U.S. Department of Housing and Urban Development
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