Federal housing regulators and Congress may have relied on inaccurate and outdated data while keeping track of FHA loan defaults and identifying potential risk to the FHA insurance fund, according to a report from the Department of Housing and Urban Development’s Office of the Inspector General. The HUD IG said it initiated an audit after observing delayed reporting of default information on loan histories. The OIG performed the audit between November 2012 and July 2013. HUD did not comment on the report.The department requires lenders to report monthly all loans that are 30 days past due. Prompt and accurate reporting provides ...