All Agencies (A-Z) » Office of Housing, Department of Housing and Urban Development, Executive » Offices, Department of the Treasury, Executive
Offices, Department of the Treasury, Executive (1 - 6 of 6 items) in Custom Date Range
Overview of GAO's Past Work on FHA's Single-Family Mortgage Insurance Programs
GAO-13-400R: Published: Mar 7, 2013. Publicly Released: Mar 7, 2013.
Among other things, GAO's past work discusses FHA's financial condition and steps the agency has taken to improve its financial condition. As housing prices began to decline at the end of 2006 and conventional mortgage lenders tightened their underwriting standards, more homebuyers began taking advantage of FHA-insured loans, which tend to have less strict underwriting standards and require lower...
Homeownership Counseling: Although Research Suggests Some Benefits, Implementation and Evaluation Challenges Exist
GAO-11-925T: Published: Sep 14, 2011. Publicly Released: Sep 14, 2011.
Homeownership counseling can help consumers learn about buying a home and give them tools to deal with setbacks that could keep them from making timely mortgage payments. The Department of Housing and Urban Development (HUD) approves and provides grants to housing counseling agencies and has also implemented a requirement that borrowers seeking federally insured reverse mortgages through the Home...
Financial Literacy: A Federal Certification Process for Providers Would Pose Challenges
GAO-11-614: Published: Jun 28, 2011. Publicly Released: Jun 28, 2011.
Financial literacy plays an important role in helping ensure the financial health and stability of individuals and families, and efforts to improve consumers' financial literacy have grown in recent years. Currently, hundreds of nonprofit, private, and governmental entities provide some form of financial education to Americans. The federal government does not certify or approve organizations in ge...
Fannie Mae and Freddie Mac: Analysis of Options for Revising the Housing Enterprises' Long-term Structures
GAO-09-782: Published: Sep 10, 2009. Publicly Released: Sep 10, 2009.
Congress established Fannie Mae and Freddie Mac (the enterprises) with two key housing missions: (1) provide stability in the secondary market for residential mortgages (also in periods of economic stress) and (2) serve the mortgage credit needs of targeted groups such as low-income borrowers. To accomplish these goals, the enterprises issued debt and stock, purchased mortgages from lenders with t...
Homeownership: Loan Policy Changes Made to Strengthen FHA's Mortgage Insurance Program
RCED-91-61: Published: Mar 1, 1991. Publicly Released: Mar 13, 1991.
Pursuant to a congressional request, GAO reviewed policy changes to the Federal Housing Administration's (FHA) single-family mortgage insurance program, focusing on the: (1) effect of the changes on the FHA Mutual Mortgage Insurance Fund's cash position; and (2) House-Senate Conference Committee on Housing Legislation's attempts to enact housing legislation.GAO found that: (1) the Fund's cash posi...
Comments on National Housing Agency Appropriations with Respect to Penalty Mail
B-50467: Published: Jul 11, 1945. Publicly Released: Jul 11, 1945.
GAO commented on whether the unused balance of the special penalty mail appropriation account for the National Housing Agency (NHA) should be covered in the surplus fund of the Treasury or transferred to the sources of funds from which it originally came. GAO held that: (1) the appropriating language in both Public Law 529, and Public Law 49, is clear and unambiguous; that is, Congress, for the re...