Audit of FHA Claims Without Conveyance of Title Improper Payments | Office of Inspector General, Department of Housing and Urban Development

Audit of FHA Claims Without Conveyance of Title Improper Payments | Office of Inspector General, Department of Housing and Urban Development

Audit of FHA Claims Without Conveyance of Title Improper Payments HUD OIG is auditing HUD’s FHA Claims Without Conveyance of Title (CWCOT) program, which is a disposition option for foreclosed FHA loans that allows third-party sales as an alternative to conveyance of the property to HUD. During fiscal year 2024, the CWCOT program had 11,285 claims totaling more than $419 million. Our audit objective is to assess whether HUD is appropriately dema…