Two OIG Audits Find Weaknesses in HUD’s Internal Controls, FHA Appraiser Process
September 25, 2008
With a massive workload due to burgeoning FHA lending volume and a raft of new changes to implement, the Department of Housing and Urban Development continues to struggle keeping its existing operations in sound condition, according to new reports from the agency’s Inspector General. The IG reported in a new audit that the FHA appraiser oversight still shows “material weakness” in...