The Department of Housing and Urban Development inspector general recommended administrative actions and monetary penalties against two lenders for allegedly improper origination of FHA loans with restrictive covenants. The HUD IG targeted SecurityNational Mortgage Co. and Venta Financial Group for audit because they were among the top lenders that originated FHA-insured loans with downpayment assistance from the City of Las Vegas. The audits yielded findings similar to those for Evergreen Home Loan, which the IG reviewed last year. The IG audit found that Evergreen Home Loan originated FHA loans with homebuyer downpayment assistance provided under a Las Vegas housing program that contained prohibited legal restrictions on conveyance. During the Evergreen audit, the IG concluded that the agreements used to secure those loans exposed the ...