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Department of Veterans Affairs, Executive (1 - 10 of 12 items)
Housing Assistance: Opportunities Exist to Increase Collaboration and Consider Consolidation
GAO-12-554: Published: Aug 16, 2012. Publicly Released: Sep 17, 2012.
Housing assistance is fragmented across 160 programs and activities. Overlap exists for some products offered, service delivery, and geographic areas served by selected programsparticularly in the Department of Agricultures (USDA) Rural Housing Service (RHS) and Department of Housing and Urban Developments (HUD) Federal Housing Administration (FHA). For instance, RHS, FHA, and the Department...
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...
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: Potential Effects of Reducing FHA's Insurance Coverage for Home Mortgages
RCED-97-93: Published: May 1, 1997. Publicly Released: Jun 2, 1997.
Pursuant to a congressional request, GAO provided information on the impact of a reduction in the Federal Housing Administration's (FHA) mortgage insurance coverage on: (1) home mortgage lenders, the home mortgage market, and the types of borrowers served by FHA; (2) the financial condition of FHA's insurance fund; and (3) the Department of Housing and Urban Development's (HUD) Government National...
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...
Housing and Community Development Issue Area Plan--Fiscal Years 1996-98
IAP-95-15: Published: Aug 1, 1995. Publicly Released: Aug 1, 1995.
GAO presented its Housing and Community Development issue area plan for fiscal years 1996 through 1998.GAO plans to assess the: (1) restructuring of federal housing and community development agencies to improve service delivery, eliminate duplication, and produce cost savings; (2) improvement of federal oversight of housing and community development services to reduce fraud, waste, abuse, and mism...
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...
Ginnie Mae: Greater Staffing Flexibility Needed to Improve Management
T-RCED-94-67: Published: Oct 29, 1993. Publicly Released: Oct 29, 1993.
GAO discussed the Government National Mortgage Association's (GNMA) staffing levels, focusing on GNMA: (1) management problems; (2) oversight of issuers; and (3) response to those management problems. GAO noted that: (1) GNMA has evolved from subsidizing interest rates for low- and moderate-income borrowers to attracting capital for government-insured and guaranteed homeowners loans; (2) GNMA guar...
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...