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Other, Independent Agencies (1 - 7 of 7 items)
Housing Finance: Characteristics of Borrowers of FHA-Insured Mortgages
RCED-94-135BR: Published: Apr 6, 1994. Publicly Released: Apr 6, 1994.
Pursuant to a legislative requirement, GAO provided information on changes in the: (1) income, age, and race of borrowers of Federal Housing Administration (FHA)-insured mortgages; and (2) location of their homes.GAO found that: (1) 24 percent of FHA-insured mortgages originated in 1991 went to low-income families, and 41 percent of FHA-insured loans originated in 1991 went to moderate-income fami...
Housing Finance: Expanding Capital for Affordable Multifamily Housing
RCED-94-3: Published: Oct 27, 1993. Publicly Released: Oct 27, 1993.
Pursuant to a legislative requirement, GAO examined: (1) the problems that have led to the shortage of mortgage financing for affordable multifamily housing; (2) the factors limiting the expansion of multifamily housing financing; (3) alternative federal credit enhancements; and (4) ways to limit the federal government's exposure to risk in adopting specific credit enhancements.GAO found that: (1)...
Homeownership: Actuarial Soundness of FHA's Single-Family Mortgage Insurance Program
T-RCED-93-64: Published: Jul 27, 1993. Publicly Released: Jul 27, 1993.
GAO discussed the actuarial soundness of the Mutual Mortgage Insurance Fund, which is administered by the Federal Housing Administration (FHA). GAO noted: (1) poor program management, waste, fraud, and abuse have contributed to the losses sustained by the fund; (2) the absence of internal controls over FHA single-family property disposition management systems has allowed private real estate agents...
Government National Mortgage Association: Greater Staffing Flexibility Needed to Improve Management
RCED-93-100: Published: Jun 30, 1993. Publicly Released: Jul 13, 1993.
Pursuant to a congressional request, GAO provided information on the Government National Mortgage Association's (GNMA) activities, focusing on: (1) its mission objectives; and (2) recent management and issuer oversight problems and solutions.GAO found that: (1) although the GNMA mission of financing low- and moderate-income housing has essentially remained the same, GNMA activities have significan...
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...
Impact of FHA Loan Policy Changes
T-RCED-90-17: Published: Nov 16, 1989. Publicly Released: Nov 16, 1989.
GAO discussed the impact of proposed policy changes on 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) increasing adjustable rate mortgage (ARM) availability. GAO noted in its econometric projections that, given favorable economic conditions: (1)...
Evaluation of Alternatives for Financing Low and Moderate Income Rental Housing
PAD-80-13: Published: Sep 30, 1980. Publicly Released: Sep 30, 1980.
Over the past 10 years, financing of Government-subsidized housing has changed from the more traditional and well-understood financing methods to more unusual combinations of the basic building blocks of the older programs. The new mechanisms, created to overcome the problems of older programs, have resulted in higher costs and some new problems. New and old alternatives for financing subsidized m...