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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...