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Department of Veterans Affairs, Executive (61 - 70 of 106 items)
Financial Audit: Resolution Funding Corporation's 1989 Financial Statements
AFMD-91-49: Published: Apr 2, 1991. Publicly Released: Apr 2, 1991.
GAO examined the Resolution Funding Corporation's financial statements for the fiscal year December 31, 1989.GAO found that: (1) the Funding Corporation's $4 billion deficit represented the difference between the actual cost and ultimate maturity value of its investment in certain Department of the Treasury securities; (2) the deficit would be eliminated over time as the securities matured; (3) as...
Credit Management: Widespread Loan Origination Problems Reported
AFMD-91-7: Published: Nov 9, 1990. Publicly Released: Dec 12, 1990.
Pursuant to a congressional request, GAO reviewed loan origination procedures and practices in the Departments of Agriculture (USDA), Education, Health and Human Services (HHS), Housing and Urban Development (HUD), and Veterans Affairs (VA) and the Small Business Administration (SBA), focusing on: (1) the adequacy of the government's loan origination practices; and (2) loan origination problems pr...
Homelessness: Action Needed to Make Federal Surplus Property Program More Effective
RCED-91-33: Published: Oct 9, 1990. Publicly Released: Nov 8, 1990.
Pursuant to a congressional request, GAO provided information on the availability of surplus federal property for use by the homeless under Title V of the McKinney Homeless Assistance Act.GAO found that: (1) between January and June 1990, the Department of Housing and Urban Development found that 52 percent of 7,666 properties reviewed for potential use by the homeless were suitable; (2) although...
Resolution Trust Corporation: Automation Efforts Need Management Attention
T-IMTEC-91-1: Published: Oct 16, 1990. Publicly Released: Oct 16, 1990.
GAO discussed the Resolution Trust Corporation's (RTC) management of its Real Estate Owned Asset Management System, which tracks RTC management and disposal of real estate assets. GAO noted that: (1) RTC strengthened its information resources management (IRM) activities by developing strategic IRM principles and systems architecture; (2) the absence of adequate management planning and controls cou...
Obligations Limitation: Resolution Trust Corporation's Compliance as of March 31, 1990
AFMD-90-101: Published: Jul 27, 1990. Publicly Released: Aug 29, 1990.
Pursuant to a congressional request, GAO reviewed the quarterly report on the Resolution Trust Corporation's (RTC) compliance with the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), to determine whether: (1) RTC included all the required categories in its calculations; and (2) the values reported appeared reasonable for select components of the calculations.GAO foun...
Resolution Trust Corporation: Stronger Information Technology Leadership Needed
IMTEC-90-76: Published: Jul 23, 1990. Publicly Released: Jul 23, 1990.
Pursuant to a legislative requirement, GAO reviewed: (1) the adequacy of key components of the Resolution Trust Corporation's (RTC) information resources management (IRM); and (2) the RTC Oversight Board's role in reviewing current and planned use of information resources.GAO found that: (1) RTC lacked central leadership in agency IRM activities, and there were no clear lines of accountability, au...
Failed Thrifts: Better Controls Needed Over Furniture, Fixtures, and Equipment
GGD-90-87: Published: May 25, 1990. Publicly Released: Jun 18, 1990.
Pursuant to a congressional request, GAO determined whether the Federal Savings and Loan Insurance Corporation (FSLIC): (1) efficiently and effectively disposed of furniture, fixtures, and equipment (FF&E) for thrift receiverships under its Southwest Plan; and (2) appropriately took various receiverships' FF&E to furnish a regional FSLIC office.GAO found that: (1) after deducting expenses, FSLIC r...
Impact of FHA Loan Policy Changes on Its Cash Position
T-RCED-90-70: Published: Jun 6, 1990. Publicly Released: Jun 6, 1990.
GAO discussed the impact of proposed policy changes on the cash position of the Federal Housing Administration's (FHA) Mutual Mortgage Insurance (MMI) Fund, focusing on the effects of: (1) increasing FHA mortgage ceiling limits; (2) reducing down payment requirements; and (3) allowing FHA to insure adjustable rate mortgages (ARM) with higher interest rate caps. GAO noted that the MMI fund: (1) was...
Homelessness: Too Early to Tell What Kinds of Prevention Assistance Work Best
RCED-90-89: Published: Apr 24, 1990. Publicly Released: Apr 24, 1990.
GAO reviewed a variety of federal, state, and local homelessness prevention program eligibility requirements and limitations.GAO found that: (1) financial resources devoted to homelessness prevention consistently fell short of demand; (2) only a few state and local organizations had the resources available to collect follow-up data needed for program evaluations; (3) homelessness prevention assist...
Resolving the Savings and Loan Crisis: Billions More and Additional Reforms Needed
T-AFMD-90-15: Published: Apr 6, 1990. Publicly Released: Apr 6, 1990.
GAO discussed the Federal Savings and Loan Corporation's (FSLIC) financial statements as of August, 1989, focusing on how much money would be needed to resolve the savings and loan crisis. GAO found that: (1) FSLIC needed $325 billion to pay off its obligations, resolve the problems of institutions awaiting resolution, pay interest on $30 billion in bonds, and pay some administrative expenses; (2)...