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INVESTIGATION AND PROSECUTION
HOUSING AND URBAN DEVELOPMENT
This paper addresses the growing problem of fraud and abuse within the
Department of Housing and Urban Development's (HUD) single family mortgage
insurance programs and the Veterans Administration's (VA) home loan guaranty
In an effort to assist in the prosecution of such matters, it provides
background information with respect to the home loan programs and outlines the
necessary procedures and requirements for participation.
Further, this paper
provides a prosecutor with the common types of schemes utilized by most such
offenders and suggests certain investigative and prosecutive techniques for
effective case management and trial preparation.
HUD, VA and the Federal Bureau of Investigations (FBI) have recently
joined together in a limited number of jurisdictions and created task forces to
investigate fraud and abuse in the home loan insurance/guaranty programs.
Because investigations have revealed this problem to be escalating throughout
the country, the Economic Crime Council, an internal Department of
advisory group, has taken the problem under special consideration.
2.1 Overview and Purpose
The purpose of the VA home loan guaranty program and the HUD single
family mortgage insurance programs is to facilitate the extension of mortgage
credit on favorable terms by private lenders to eligible veterans and non