SecurityNational Mortgage Company, Murray, Utah, Did Not Follow HUD Requirements in Underwriting Insured Loans and Did Not Follow Quality Control Requirements
The U.S. Department of Housing and Urban Development's (HUD) Office of Inspector General audited SecurityNational Mortgage Company (SecurityNational), a Federal Housing Administration (FHA)-approved direct endorsement lender, to determine whether it properly underwrote insured loans and whether its quality control function met requirements.
SecurityNational did not follow HUD regulations when underwriting 18 FHA-insured loans. One of the…
April 28, 2009
Report
#2009-DE-1003
The Fort Smith Housing Authority Made Inappropriate Guarantees, Did Not Follow Procurement Requirements, and Spent Program Funds on Questionable Activities
We audited the Fort Smith Housing Authority (Authority) in response to a request from the U. S. Department of Housing and Urban Development's (HUD) Office of Public Housing. The objectives were to determine whether the Authority and its instrumentality, North Pointe Limited Partnership (Partnership), spent HUD-provided funds in compliance with HUD's rules and regulations for costs related to North Pointe Development (the development),…
October 22, 2008
Report
#2009-FW-1001
The State of Utah Did Not Comply with HOME Investment Partnerships Program Requirements
August 10, 2007
Report
#2007-DE-1006
The Jacksonville Housing Authority, Jacksonville, Arkansas, Mismanaged Public Housing Capital Fund Program Funding
March 30, 2007
Report
#2007-FW-1007