House Oversight Subcommittee Considers HUD Subpoena

Posted by Orb Staff on May 15, 2012 No Comments
Categories : Mortgage Servicing

11554_randy_neugebauer House Oversight Subcommittee Considers HUD Subpoena The House Financial Services Committee's Oversight and Investigations Subcommittee will vote Wednesday on whether to subpoena documents from the U.S. Department of Housing and Urban Development (HUD) related to the agency's administration of the HOME Investment Partnership Program.

According to a press release issued by the subcommittee's Republican leadership, an investigation of the $30 billion program has ‘uncovered waste, fraud and abuse in the program.’ The subcommittee states that it has been trying to obtain HUD documents on the program since last November, but has yet to receive any paperwork.

‘The documents we have requested are essential to our ongoing investigation to weed out waste, fraud, and abuse and see whether the HOME Program can be better run,’ says Subcommittee Chairman Rep. Randy Neugebauer, R-Texas. ‘For the last six months, we gave HUD every opportunity to voluntarily provide these documents, and yet they have been anything but cooperative. The documents we are requesting are important to maintain the integrity of our investigation and ensure that taxpayer dollars are not wasted.’

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