Economic development (41 - 44 of 44 items)
The Need for HUD to More Fairly Treat Homeowner Claims for Defects in Existing Insured Homes
102234: Apr 15, 1977
The Department of Housing and Urban Development (HUD) needs to treat more fairly homeowner claims for defects in existing insured homes. GAO review of the HUD Chicago area office Section 518(b) program revealed many claims processing problems. From April 1975 through January 1977, the Chicago office received 17 percent of the 77,000 claims received nationwide under the Section 518(b) program. Abou...
Government National Mortgage Association's Secondary Mortgage Market Activities
CED-77-28: Published: Mar 8, 1977. Publicly Released: Mar 8, 1977.
The Government National Mortgage Association participates in the buying and selling of mortgages in the secondary mortgage market.The Association attempts to accomplish its legislatively assigned missions primarily by: (1) issuing to mortgage originators commitments to purchase mortgages with primarily below-market interest rates; (2) purchasing and selling such mortgages; and (3) guaranteeing sec...
Major Changes Are Needed in the New Leased-Housing Program
CED-77-19: Published: Jan 28, 1977. Publicly Released: Jan 28, 1977.
The Department of Housing and Urban Development (HUD) section 8 leasing program, the principal Federal program for housing lower income persons, has had limited success in providing occupancy for lower income persons and stimulating new housing starts.Major changes are needed to improve administration and increase activity under four section 8 programs: existing, newly constructed, substantially r...
GAO Testimony on Secondary Mortgage Market Activities by the Government National Mortgage Association
CED-77-16: Published: Nov 29, 1976. Publicly Released: Nov 29, 1976.
Several alternatives to the present practices of the Government National Mortgage Association's secondary mortgage market activities warrant consideration.The Association's ability to hold mortgages during periods when interest rates are relatively high is restricted by the Office of Management and Budget's required end of the fiscal year outlay ceiling. The Association requires bidders at securit...