Report Crime, Fraud, Waste & Abuse
The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General (OIG), conducted a review of a Federal Housing Administration (FHA) home equity conversion mortgage (HECM) underwritten by MetLife Home Loans, LLC. MetLife is an FHA-approved mortgage lender with its principal place of business located in Irving, TX.
On June 9, 2017, HUD notified MetLife and the borrower’s son of their potential liability under the Program Fraud Civil Remedies Act of 1986, 38 U.S.C.
The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General audited CitiMortgage’s processing of partial claims. Our audit objective was to determine whether CitiMortgage filed for partial claims only after completing the loan modifications and reinstating the loans.
CitiMortgage improperly filed for 66 partial claims before completing the loan modifications and reinstating the loans.
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