HUD might have paid $1 billion in false claims

Filed under: AM Roundup |

The U.S. government might have paid more than $1 billion in aid to halt foreclosures to people who didn’t qualify for the help, said the Washington Post.

The inspector general for the Department of Housing and Urban Development said the agency didn’t have the proper protocols or safety checks in place during its preforeclosure sale program.

Read more at the Washington Post.