Federal Housing Finance Board (71 - 80 of 191 items)
Housing Finance: Implications of Alternative Methods of Adjusting the Conforming Loan Limit
RCED-95-6: Published: Oct 5, 1994. Publicly Released: Oct 5, 1994.
Pursuant to a legislative requirement, GAO reviewed the methodology that the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) uses to adjust the conforming loan limit, focusing on: (1) the effect of using alternative adjustment methods on the loan limit; (2) the implications of Fannie Mae's and Freddie Mac's decision to maintain the 1993 l...
Government Sponsored Enterprises: Freddie Mac's and Fannie Mae's Accounting for Costs of Foreclosed Property
AIMD-94-75: Published: May 27, 1994. Publicly Released: May 27, 1994.
Pursuant to a congressional request, GAO provided information on the foreclosed property accounting changes made by two government-sponsored enterprises (GSE), focusing on: (1) whether the accounting changes are in accordance with generally accepted accounting principles (GAAP); and (2) how the changes will affect GSE loan loss reserves and GSE compliance with federal housing legislation minimum c...
Federal Home Loan Bank System: Reforms Needed to Promote Its Safety, Soundness, and Effectiveness
GGD-94-38: Published: Dec 8, 1993. Publicly Released: Dec 8, 1993.
Pursuant to a congressional request, GAO reviewed various aspects of the Federal Home Loan Bank (FHLBank) System, focusing on: (1) whether the FHLBank System can pay its assessments for affordable housing and help finance the savings and loan cleanup while carrying out its mission; (2) appropriate capital standards for the FHLBank System; (3) whether the terms of FHLBank membership should be chang...
Thrift Resolutions: FSLIC 1988 and 1989 Assistance Agreement Costs Subject to Continuing Uncertainties
AFMD-92-78: Published: Aug 3, 1992. Publicly Released: Aug 3, 1992.
GAO provided information on the costs of the Federal Savings and Loan Insurance Corporation's (FSLIC) 1988 and 1989 assistance agreements.GAO found that: (1) FSLIC 1988 and 1989 assistance agreements payments totalled $56.1 billion; (2) 1990 total estimated payments decreased by $9.3 billion, largely resulting from future interest cost savings and a $15.7-billion Resolution Trust Corporation (RTC)...
Financial Audit: FSLIC Resolution Fund's 1991 and 1990 Financial Statements
AFMD-92-75: Published: Jun 30, 1992. Publicly Released: Jun 30, 1992.
GAO reviewed the Federal Savings and Loan Insurance Corporation's (FSLIC) Resolution Fund's financial statements for the years ended December 31, 1991 and 1990.GAO found that: (1) the Fund's statement of financial position as of December 31, 1991, and its statements of cash flows for the years ended December 31, 1991 and 1990, presented fairly in all material respects the Fund's financial conditio...
Failed Thrift: Lengthy Government Control of Sunbelt Savings Bank
GGD-92-82: Published: Apr 28, 1992. Publicly Released: Apr 28, 1992.
Pursuant to a congressional request, GAO reviewed: (1) why a federal savings bank has remained under government control since August 1988; and (2) the costs and benefits of this control.GAO found that: (1) the Federal Savings and Loan Insurance Corporation (FSLIC) did not resolve the eight thrifts subsequently consolidated as the bank because no eligible acquirer came forward and FSLIC did not hav...
Mortgage Credit Enhancements: Options for FHA in Meeting the Need for Affordable Multifamily Housing
T-RCED-92-52: Published: Apr 3, 1992. Publicly Released: Apr 3, 1992.
GAO discussed legislative or administrative actions that could improve the availability of mortgage financing for affordable multifamily housing through credit enhancements. GAO noted that: (1) the Federal Housing Administration (FHA) has historically been the federal government's principal provider of credit enhancements, but its insuring of mortgages has declined sharply in recent years from a h...
Government-Sponsored Enterprises: System of Internal Controls at Freddie Mac, Fannie Mae, and Sallie Mae
GGD-92-50: Published: Mar 31, 1992. Publicly Released: Mar 31, 1992.
Pursuant to a legislative requirement, GAO reviewed internal control structures at the Federal Home Loan Mortgage Corporation (Freddie Mac), the Federal National Mortgage Association (Fannie Mae), and the Student Loan Marketing Association (Sallie Mae).GAO found that: (1) audits and examinations by internal and external auditors at Freddie Mac, Fannie Mae, and Sallie Mae uncovered no significant w...
Financial Audit: Office of Thrift Supervision's 1989 Financial Statements
AFMD-92-11: Published: Jan 24, 1992. Publicly Released: Jan 24, 1992.
GAO examined the Office of Thrift Supervision's (OTS) financial statements for the period from October 8, 1989 through December 31, 1989.GAO found that: (1) the financial statements presented fairly the OTS financial position as of December 31, 1989, in conformity with generally accepted accounting principles; (2) OTS assessments charged to the savings and loan industry provided funding in excess...
Financial Audit: FSLIC Resolution Fund's 1990 and 1989 Financial Statements
AFMD-92-22: Published: Dec 17, 1991. Publicly Released: Dec 17, 1991.
GAO reviewed the Federal Savings and Loan Insurance Corporation's (FSLIC) Resolution Fund's financial statements for the year ended December 31, 1990, and the period August 9, 1989 through December 31, 1989.GAO found that: (1) primarily due to the economy's continuing weakness and the over-built real estate market, it was unable to assess the reasonableness of the Fund's estimated liability for as...