The Government Accountability Office (GAO) has released an update on its High-Risk Series, wherein Financial Services Committee Chairman Rep. Jeb Hensarling stated that the FHA is incredibly vulnerable to fraud, waste, abuse and mismanagement. The GAO aims to monitor various government organizations in order to find inconsistencies and evidence of misuse and misappropriation of funds. Over the past 23 years, the GAO has examined multiple government-based agencies, but now has its sights set squarely on the FHA.Click to continue
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