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Policy Development and Research, Department of Housing and Urban Development, Executive (1 - 7 of 7 items)
Federal Housing Administration: Analysis of Options for Modifying Its Products, Market Presence, and Powers
GAO-13-682: Published: Sep 9, 2013. Publicly Released: Oct 22, 2013.
GAO identified a number of proposed options for adjusting product terms and conditions to help improve the Federal Housing Administration's (FHA) long-term viability. FHA has raised the premiums that it charges borrowers several times in recent years and has taken steps to tighten its underwriting standards--for example, by setting a minimum required credit score. Some mortgage market observers ha...
Mortgage Reform: Potential Impacts of Provisions in the Dodd-Frank Act on Homebuyers and the Mortgage Market
GAO-11-656: Published: Jul 19, 2011. Publicly Released: Jul 19, 2011.
The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd- Frank Act) is intended, among other things, to reform residential mortgage lending and securitization practices that contributed to the recent financial crisis. The act provides some liability protection for lenders originating mortgages that meet nine specified criteria, as applicable, associated with a borrower's ability to rep...
Federal Housing Administration: Decline in the Agency's Market Share Was Associated with Product and Process Developments of Other Mortgage Market Participants
GAO-07-645: Published: Jun 29, 2007. Publicly Released: Jun 29, 2007.
The Federal Housing Administration (FHA) historically has been an important participant in the mortgage market, which includes loans that carry government insurance or guarantees (such as FHA-insured mortgages) and those that do not (conventional mortgages). The conventional market comprises prime loans for the most creditworthy borrowers and subprime loans for borrowers with impaired credit. Redu...
Federal Housing Assistance: Comparing the Characteristics and Costs of Housing Programs
GAO-02-76: Published: Jan 31, 2002. Publicly Released: Jan 31, 2002.
For more than 60 years, the federal government has sought to improve the condition and reduce the cost of rental housing for poor Americans. In fiscal year 1999, 5.2 million low-income households received $28.7 billion in federal housing assistance through more than a dozen programs. Despite this assistance, the Department of Housing and Urban Development (HUD) estimates that 9 million other very-...
HUD Reform Act: Information on the Department's Response to the Act's Requirements
RCED-00-91: Published: Mar 27, 2000. Publicly Released: Mar 27, 2000.
Pursuant to a legislative requirement, GAO reviewed the extent to which the Department of Housing and Urban Development (HUD) complied with the HUD Reform Act of 1989 in fiscal years 1997 and 1998, focusing on HUD's actions in response to: (1) title I of the Reform Act, which is the title principally concerned with addressing the ethics, management and Federal Housing Administration (FHA) issues r...
Homelessness: Coordination and Evaluation of Programs Are Essential
RCED-99-49: Published: Feb 26, 1999. Publicly Released: Feb 26, 1999.
Pursuant to a congressional request, GAO reviewed the federal approach to meeting the needs of the homeless, focusing on: (1) identifying and describing characteristics of the federal programs specifically targeted, or reserved, for the homeless, and key nontargeted programs available to assist low-income people generally; (2) identifying the amounts and types of funding for these programs in fisc...
Mortgage Financing: FHA Has Achieved Its Home Mortgage Capital Reserve Target
RCED-96-50: Published: Apr 12, 1996. Publicly Released: Apr 22, 1996.
Pursuant to a congressional request, GAO reviewed the Federal Housing Administration's (FHA) Mutual Mortgage Insurance Fund, focusing on: (1) an estimate of the Fund's economic net worth as of the end of fiscal year 1994; (2) the results of the legislatively prescribed capital reserve ratio that expresses economic net worth as a percentage of insurance-in-force; and (3) a comparison between the GA...