COVID-19 Fraud Bulletin: Reverse Mortgages
HUD OIG drafted a fraud bulletin outlining potential common reverse mortgage schemes that borrowers may face, along with actions to take and not take if you are considering a reverse mortgage loan.
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COVID-19 Fraud Bulletin: Loan Modification and Foreclosure Rescue Schemes
HUD OIG drafted a fraud bulletin outlining potential loan modification and foreclosure rescue schemes that borrowers may face.
COVID-19 OIG Bulletin: For Homeowners
HUD OIG drafted a bulletin outlining guidance that the Federal Housing Administration (FHA) has provided for borrowers and servicers to implement the forbearance provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Some Mortgage Loan Servicers’ Websites Offer Information about CARES Act Loan Forbearance That Is Incomplete, Inconsistent, Dated, and Unclear
The U.S. Department of Housing and Urban Development Office of Inspector General assessed what information servicers of mortgage loans that the Federal Housing Administration (FHA) insures were providing on their public facing websites to borrowers regarding forbearance.
Bank of America, Plano, TX, Followed the Loss Mitigation Requirements for All of the Loans Reviewed
The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General audited Bank of America because it has released more than 47,000 Federal Housing Administration (FHA)-insured loans into the Distressed Asset Stabilization Program (DASP) note sales program. Since its inception, DASP has facilitated the sale of more than 108,000 FHA loans, which means that Bank of America accounts for nearly half of the entire program. This is the fourth in a series of audits on DASP.