The Department of Housing and Urban Development’s Office of the Inspector General identified 64 potential fraud schemes FHA hadn’t accounted for in its single-family risk inventory.
Loans backed by FHA and the Department of Veterans Affairs have captured a larger share of the market in recent years, but the affordability crisis could hit government-insured borrowers harder.
Staffing levels at the Department of Housing and Urban Development fell in the third quarter last year, according to a report from the Government Accountability Office.