DHI Mortgage Company, LTD ’s Scottsdale, AZ, Branches did not Follow FHA-insured Loan Underwriting Requirements

Descriptive

CreatorUnited States Department of Housing and Urban Development, Office of Inspector GeneralPublisherUnited States Department of Housing and Urban Development, Office of Inspector GeneralDescriptionWe audited Federal Housing Administration (FHA)-insured loan processes at two DHI Mortgage Company, LTD (DHI Mortgage),branches in Scottsdale, AZ, to determine whether DHI Mortgage originated, approved, and closed FHA-insured single-family loans in accordance with U.S. Department of Housing and Urban Development (HUD) requirements. We recently conducted an audit of DHI Mortgage‘s Tucson and Scottsdale branches and identified significant underwriting deficiencies and improper restrictive addenda/liens to the purchase contracts. Based on the results of our prior audit,we chose to audit the remaining two DHI Mortgage Scottsdale branches.Document TypeFederal DocumentBrowse TopicBusiness and IndustryGovernment and PoliticsSubjectMortgage loans--Arizona--AuditingMortgage guarantee insurance--Arizona--FinanceMortgage loans--Corrupt practices--ArizonaDate Original2010-03Date Range2010s (2010-2019)TypeTextOriginal FormatDocuments (other)LanguageEnglishContributing InstitutionState of Arizona Research Library- Arizona State Library, Archives and Public RecordsCollectionArizona Related Federal PublicationsFederal Documents CollectionRights StatementNo Copyright- United States http://rightsstatements.org/vocab/NoC-US/1.0/ Works by the U.S. Government are not eligible for U.S. copyright protection. In some cases, however, the U.S. Government may have been assigned rights to a work. It is the researcher's obligation to determine and satisfy copyright or other use restrictions when publishing or otherwise distributing materials found in these digital collections. Transmission or reproduction of protected items beyond that allowed by fair use requires the written permission of the copyright owners. Researchers must make their own assessments of rights in light of their intended use.

Federal Documents

Federal Executive DepartmentUnited States Department of Housing and Urban Development

Geographic

City or TownScottsdaleCountyMaricopa CountyStateArizonaCountryUnited States

AgencyUnited States Department of Housing and Urban DevelopmentPlaceScottsdale

Administrative

Acquisition NoteDownloaded from the U.S. Department of Housing and Urban Development's webpage for Arizona audit reports on August 18, 2010 (http://www.hud.gov/offices/oig/reports/az.cfm ).OCLC Number<893231512>Date Digitized2010-03Digital FormatPDF

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DHI Mortgage Company, LTD ’s Scottsdale, AZ, Branches did not Follow FHA-insured Loan Underwriting Requirements