TITLE

Justice Department and HUD Investigate Alleged FHA Fraud in 38 States

AUTHOR(S)
Bailey, Dawn
PUB. DATE
July 2000
SOURCE
National Mortgage News;07/10/2000, Vol. 24 Issue 42, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the United States Department of Housing and Urban Development (HUD) and the Department of Justice are investigating fraud and abuse allegations in the single-family Federal Housing Administration program. Detection of fraud, waste and abuse; Allegations of property flipping; Defaults and claims against the FHA; Mortgage fraud involving government-backed loans.
ACCESSION #
3374134

 

Related Articles

  • HUD's 2003 Resolution: Crackdown on FHA Fraud. Collins, Brian // National Mortgage News;1/6/2003, Vol. 27 Issue 15, p1 

    Focuses on the internal investigation of fraud in the U.S. Federal Housing Administration single family program by the Department of Housing and Urban Development. Implementation of in-depth audits of direct endorsement leaders; Closure of the Operation Safe Home program; Reduction of violence...

  • FHA Goes After Baltimore Lenders that Allegedly Overvalued Properties. Collins, Brian // National Mortgage News;07/10/2000, Vol. 24 Issue 42, p12 

    Reports on the United States Department of Housing and Urban Development's (HUD) investigation of Federal Housing Administration lenders in Baltimore, Maryland. Lenders' alleged involvement in financing property flips; Recommendation of suspensions and numerous loan indemnifications; Appraisers...

  • HUD stepping up efforts to fight fraud in FHA program.  // Mortgage Banking;May2009, Vol. 69 Issue 8, p8 

    The article announces the plan of the U.S. Housing and Urban Development (HUD) to increase its unannounced on-site lender inspections to reduce Federal Housing Administration (FHA) lending fraud. HUD Secretary Shaun Donovan notes that the FHA needs additional resources so that the program...

  • FHA fund rebounds.  // Mortgage Banking;Sep93, Vol. 53 Issue 12, p7 

    Updates on the performance of the Federal Housing Administration (FHA). Effect of the 1986 underwriting reforms to the turnaround of FHA's single-family insurance fund; Findings of the audit of FHA's mutual mortgage insurance fund (MMIF).

  • FHA's evolution. Retsinas, Nicolas P. // Mortgage Banking;Sep96, Vol. 56 Issue 12, p12 

    Reports on the accomplishments of and prospects for the US Federal Housing Administration (FHA). Need for FHA to adapt to the changing market; Impact on FHA of the increase of homeownership rates; Improvement of outreach homebuyers program; Streamlining of operations; Financial management;...

  • FHA's financial health on upswing.  // Mortgage Banking;Apr98, Vol. 58 Issue 7, p7 

    Discloses that an independent audit by KPMG Peat Marwick LLP shows that the United States Federal Housing Administration has improved its financial position. Department's progress toward developing processes to effectively manage its insured portfolio and inventory of notes and properties;...

  • Rebuilding FHA. Andelman, David A. // Management Review;May95, Vol. 84 Issue 5, p19 

    Focuses on the debate over the Federal Housing Administration (FHA). Plans of Republicans to dismantle the FHA; Impact of the FHA; FHA restructuring plan from the Office of Management and Budget; True risk sharing concept for FHA mortgages; Default rate of the FHA.

  • Harvard study backs Clinton plan for FHA. Prakash, Snigdha // American Banker;6/2/1995, Vol. 160 Issue 105, p9 

    Reports on the support of Harvard University's Joint Center for Housing Studies for President Bill Clinton's bid to revive the Federal Housing Administration as a government-owned corporation. Issuance of a report outlining problems that plagued the agency; Comments by William C. Apgar,...

  • Plan to restructure FHA raises concerns about guarantees on loans to poorer people. Hornblass, Jonathan S. // American Banker;12/15/1994, Vol. 159 Issue 240, p12 

    Reports on lenders' reaction to President Bill Clinton's proposal to restructure the Federal Housing Administration (FHA). Concern that the housing agency's guarantee program for home loans to low- and moderate-income borrowers will be reduced; Advantages cited by lenders; Concern regarding the...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics