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Community Planning and Development, Department of Housing and Urban Development, Executive (31 - 40 of 63 items)
OFHEO's Risk-Based Capital Stress Test: Incorporating New Business Is Not Advisable
GAO-02-521: Published: Jun 28, 2002. Publicly Released: Jun 28, 2002.
GAO reviewed whether the Office of Federal Housing Enterprise Oversight (OFHEO) should incorporate new business assumptions into the stress test used to establish risk-based capital requirements. The stress test is designed to estimate, for a 10-year period, how much capital the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) would be...
Flood Insurance: Extent of Noncompliance with Purchase Requirements Is Unknown
GAO-02-396: Published: Jun 21, 2002. Publicly Released: Jun 21, 2002.
The Federal Emergency Management Agency (FEMA) run National Flood Insurance Program (NFIP) has combined flood hazard mitigation efforts and insurance to protect homeowners against losses from floods. The program provides an incentive for communities to adopt floodplain management ordinances to mitigate the effect of flooding upon new or existing structures. Virtually all communities in the country...
Single-Family Housing: Opportunities to Improve Federal Foreclosure and Property Sale Processes
GAO-02-305: Published: Apr 17, 2002. Publicly Released: May 17, 2002.
Federal programs in the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), and the Rural Housing Service (RHS) promote mortgage financing for low-income, first-time, minority, veteran, and rural home buyers. Congress has also chartered private corporations--Fannie Mae and Freddie Mac--to provide mortgage lending and to promote homeownership opportunities. Many homeowner...
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...
Homeownership: Cancellation and Termination Provisions of the Homeowners Protection Act of 1998
RCED-00-50R: Published: Dec 10, 1999. Publicly Released: Dec 10, 1999.
Pursuant to a legislative requirement, GAO reviewed the Homeowners Protection Act of 1998, focusing on the: (1) act's cancellation and termination provisions for private mortgage insurance; (2) act's high-risk provisions; (3) effect high-risk provisions would have on mortgage lenders; and (4) number and characteristics of residential mortgage loans that are considered high risk and are therefore e...
FHA Loan Limits: Finance Board Data Are a Reasonable Source of Home Sales Prices
RCED-99-78: Published: Mar 29, 1999. Publicly Released: Mar 29, 1999.
Pursuant to a congressional request, GAO provided information on housing prices from sources other than the Federal Housing Finance Board, focusing on: (1) comparing data on house prices from the Finance Board with data the Department of Housing and Urban Development's Office of Federal Housing Enterprise Oversight (OFHEO) collects to measure house price changes; (2) views of officials of the agen...
High-Loan-to-Value Lending: Information on Loans Exceeding Home Value
GGD-98-169: Published: Aug 13, 1998. Publicly Released: Sep 14, 1998.
Pursuant to a congressional request, GAO provided information on high-loan-to-value (HLTV) loans, focusing on the: (1) characteristics of HLTV loans; (2) major organizations that provided HLTV lending; (3) volume of HLTV lending in 1995, 1996, and 1997, and the expected volume in 1998; and (4) benefits and risks of HLTV lending for borrowers, lenders, investors, and regulated depository institutio...
Federal Housing Enterprises: HUD's Implementation of Its Mission Oversight Needs to Be Strengthened
T-GGD-98-177: Published: Jul 30, 1998. Publicly Released: Jul 30, 1998.
Pursuant to a congressional request, GAO discussed the Department of Housing and Urban Development's (HUD) housing mission oversight of the two largest government-sponsored housing enterprises: the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).GAO noted that: (1) HUD adopted a generally conservative approach in 1995 to setting the f...
Homeownership: Achievements of and Challenges Faced by FHA's Single-Family Mortgage Insurance Program
T-RCED-98-217: Published: Jun 2, 1998. Publicly Released: Jun 2, 1998.
GAO discussed: (1) the achievements of the Federal Housing Administration's (FHA) home mortgage insurance program, including the extent that home buyers use FHA insurance, the characteristics of these home buyers--including whether they were first-time home buyers--and how many of them might also qualify for private mortgage insurance; (2) how the insurance terms available through FHA's principal...