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Office of Federal Housing Enterprise Oversight, Department of Housing and Urban Development, Executive (1 - 10 of 13 items)
Housing Government-Sponsored Enterprises: A Single Regulator Will Better Ensure Safety and Soundness and Mission Achievement
GAO-08-563T: Published: Mar 6, 2008. Publicly Released: Mar 6, 2008.
The housing government-sponsored enterprises (GSEs)--Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System (FHLBank System), play a critical role in the nation's housing finance system. However, concerns exist that the fragmented federal oversight structure for the GSEs is not well positioned to help ensure that they operate in a safe and sound manner and fulfill their housing missions. T...
Housing Government-Sponsored Enterprises: A New Oversight Structure Is Needed
GAO-05-576T: Published: Apr 21, 2005. Publicly Released: Apr 21, 2005.
Serious concerns exist regarding the risk management practices and the federal oversight of the housing government-sponsored enterprises (GSE)--Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System (FHLBank System), which had combined obligations of $4.6 trillion as of year-end 2003. In 2003, Freddie Mac disclosed significant accounting irregularities. In 2004, the Office of Federal Housi...
Government-Sponsored Enterprises: Creation of a Single Housing GSE Regulator
T-GGD-00-200: Published: Sep 12, 2000. Publicly Released: Sep 12, 2000.
Pursuant to a congressional request, GAO discussed the regulation of the housing government-sponsored enterprises (GSE).GAO noted that: (1) GAO supports a single housing GSE regulator for Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System; (2) selecting a stand-alone agency with a governing board would better ensure the independence and prominence of the regulator and allow it to act i...
Housing Enterprises: The Roles of Fannie Mae and Freddie Mac in the U.S. Housing Finance System
T-GGD-00-182: Published: Jul 25, 2000. Publicly Released: Jul 25, 2000.
Pursuant to a congressional request, GAO discussed the roles of Fannie Mae and Freddie Mac in the U.S. housing finance system, focusing on: (1) the benefits and costs of the enterprises' housing finance activities; (2) federal efforts to ensure the enterprises' safety and soundness; and (3) federal efforts to ensure that the enterprises promote home ownership opportunities for all Americans.GAO no...
Government Sponsored Enterprises: Advantages and Disadvantages of Creating a Single Housing GSE Regulator
GGD-97-139: Published: Jul 9, 1997. Publicly Released: Jul 17, 1997.
Pursuant to a congressional request, GAO reviewed the advantages and disadvantages of creating a single regulator for the three housing government-sponsored enterprises (GSE).GAO noted that: (1) GAO's ongoing work has strengthened its belief that the housing GSE regulators would be more effective if combined and authorized to oversee both safety and soundness and mission compliance; (2) nothing GA...
Housing Enterprises: Investment Authority, Policies, and Practices
GGD-97-137R: Published: Jun 27, 1997. Publicly Released: Jun 27, 1997.
Pursuant to a congressional request, GAO reviewed the non-mortgage investment practices of the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae), focusing on the enterprises': (1) legal authority for making non-mortgage investments and oversight of that authority by the enterprises' regulators; (2) non-mortgage investment policies and p...
Procurement: Overview of HUD's Contracting Activities
RCED-97-132R: Published: May 9, 1997. Publicly Released: May 9, 1997.
Pursuant to a congressional request, GAO provided information on the Department of Housing and Urban Development's (HUD) contracting activities, focusing on: (1) the source of HUD's procurement authority and how it is delegated; (2) the offices responsible for contracting and their roles; (3) the data HUD maintains on its contracting activities, and what these data show regarding the extent of the...
Savings Possible Through Recognition of Favorable Financing and Tax Abatements in Contract Rents
106278: Jun 27, 1978
Under the new construction and substantial rehabilitation portion of the section 8 lower-income rental program, rents must be approved individually for each proposed unit based on rents for comparable units in the area. Appropriate reductions in contract rents (total rents payable to the owner including the portion payable by the family) may be made where a project proposal is expected to benefit...
HUD-Proposed Legislative Changes to Section 203 of the Housing and Community Development Amendments of 1978
119698: Sep 30, 1982
GAO reviewed the implementation of the Department of Housing and Urban Development (HUD) policy to attach section 8 subsidies to the sales of acquired multifamily housing projects to insure their continued availability to low- and moderate-income tenants. Specifically, the review determined the cost and effectiveness of the policy and whether other less costly, but effective, sales methods were ad...
Review of the Adequacy of Procedures Followed in Selecting Section 8 Developers
119780: Apr 8, 1982
GAO reviewed procedures followed by three Department of Housing and Urban Development (HUD) area offices in selecting developers for new construction and substantial rehabilitation projects. The purpose of the review was to evaluate the effectiveness of the procedures under the Section 8 Lower Income Rental Assistance Program administered by HUD and to identify ways to improve the selection proces...