Audit of FHA Claims Without Conveyance of Title Improper Payments | Office of Inspector General, Department of Housing and Urban Development

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Title	Announced	Priority Area	Program Area	State
Audit of FHA Claims Without Conveyance of Title Improper Payments	04/2025	Protecting the Mortgage Insurance Funds	Housing	All

Summary

HUD OIG is auditing HUD’s FHA Claims Without Conveyance of Title (CWCOT) program, which is a disposition option for foreclosed FHA loans that allows third-party sales as an alternative to conveyance of the property to HUD. During fiscal year 2024, the CWCOT program had 11,285 claims totaling more than $419 million. Our audit objective is to assess whether HUD is appropriately demanding and collecting improper payments for CWCOT loans.