Report Says 200 Housing Agencies Regularly Bounced Checks; HUD Monitoring 'Inadequate'
(CNSNews.com) - The Government Accountability Office published a report in June saying that 200 federal housing agencies regularly wrote bad checks of $25,000 or more between 2002 and 2006 -- a situation that's ripe for fraud, the report said. The report urges the Department of Housing and Urban Development to overhaul its oversight mechanisms to better identify at-risk housing agencies.