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Home » Store » News » KPMG Audit Alerts FHA to Need to Stem Loan Losses

KPMG Audit Alerts FHA to Need to Stem Loan Losses

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Secretary Melquiades Martinez faces considerable challenges in overseeing the Department of Housing and Urban Development’s FHA insurance program in the wake of an audit by private sector accountants which found the same inefficient internal controls cited in previous audits still existing. HUD officials concurred with KPMG auditors on most of the findings in several key areas of internal controls and accepted their recommendations.
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