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Department of Veterans Affairs, Executive (1 - 3 of 3 items)
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...
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...
Homeownership: FHA's Role in Helping People Obtain Home Mortgages
RCED-96-123: Published: Aug 13, 1996. Publicly Released: Aug 13, 1996.
Pursuant to a congressional request, GAO provided information on the Federal Housing Administration's (FHA) role in helping people to obtain home mortgages.GAO found that: (1) FHA and Department of Veterans Affairs (VA) programs allow borrowers to make smaller downpayments and accumulate higher total debt to income ratios than private mortgage insurers (PMI); (2) FHA programs finance closing costs...