Mortgage programs (21 - 30 of 42 items)
Housing and Community Development Issue Area: Active Assignments
AA-95-22(3): Published: Jul 1, 1995. Publicly Released: Jul 1, 1995.
GAO provided information on its active assignments in the Housing and Community Development issue area as of July 6, 1995...
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...
Housing Finance: Expanding Capital for Affordable Multifamily Housing
RCED-94-3: Published: Oct 27, 1993. Publicly Released: Oct 27, 1993.
Pursuant to a legislative requirement, GAO examined: (1) the problems that have led to the shortage of mortgage financing for affordable multifamily housing; (2) the factors limiting the expansion of multifamily housing financing; (3) alternative federal credit enhancements; and (4) ways to limit the federal government's exposure to risk in adopting specific credit enhancements.GAO found that: (1)...
Homeownership: Actuarial Soundness of FHA's Single-Family Mortgage Insurance Program
T-RCED-93-64: Published: Jul 27, 1993. Publicly Released: Jul 27, 1993.
GAO discussed the actuarial soundness of the Mutual Mortgage Insurance Fund, which is administered by the Federal Housing Administration (FHA). GAO noted: (1) poor program management, waste, fraud, and abuse have contributed to the losses sustained by the fund; (2) the absence of internal controls over FHA single-family property disposition management systems has allowed private real estate agents...
Rural Housing: FmHA's Home Loan Program Not Meeting the Needs of All Rural Residents
RCED-93-57: Published: Jun 14, 1993. Publicly Released: Jun 14, 1993.
Pursuant to a congressional request, GAO reviewed the Farmers Home Administration's (FmHA) rural single-family housing program, focusing on whether program funds are disproportionately concentrated in or around metropolitan statistical areas (MSA).GAO found that: (1) FmHA rural single-family home program funds were disproportionately concentrated in and around MSA and higher than needed or warrant...
VA Housing Loan Program
RCED-93-129R: Published: Mar 29, 1993. Publicly Released: Apr 9, 1993.
Pursuant to a congressional request, GAO reviewed an independent report on the Department of Veterans Affairs' (VA) Home Loan Guaranty Program, focusing on whether the: (1) report's recommendations were supported by sufficient evidence; and (2) report contained factual errors or analytical weaknesses. GAO found that: (1) the report did not adequately support 6 of the 7 recommendations with suffici...
Federal Housing Administration: Monitoring of Single Family Mortgages Needs Improvement
RCED-91-11: Published: Feb 7, 1991. Publicly Released: Feb 7, 1991.
GAO reviewed the Federal Housing Administration's (FHA) Section 203(b) mortgage insurance program for single family homes, focusing on how FHA field offices monitored the processing and approval of program participant applications.GAO found that: (1) because FHA lacked a comprehensive description of monitoring program activities, GAO identified and reviewed 25 monitoring activities which FHA used...
Impact of FHA Loan Policy Changes on Financial Losses and Homebuyers
T-RCED-90-95: Published: Jul 10, 1990. Publicly Released: Jul 10, 1990.
GAO discussed the impact of proposed policy changes to the Federal Housing Administration's (FHA) Mutual Mortgage Insurance (MMI) Fund on the Fund's cash position. GAO found that: (1) raising the mortgage ceiling to 95 percent of a state's median house price would have the greatest positive effect on the Fund's cash balance; (2) raising the mortgage ceiling will also generate the most new business...
Rural Housing: Opportunities To Reduce Costs and Better Target Assistance
RCED-86-33: Published: Feb 18, 1986. Publicly Released: Feb 18, 1986.
GAO discussed a variety of measures that the Farmers Home Administration's (FmHA) county offices could take to reduce housing costs and target more assistance to very low-income households and those occupying substandard housing.GAO found that: (1) FmHA county offices generally did not adopt cost reduction measures suggested in FmHA guidelines; (2) as of October 1, 1985, FmHA had not issued regula...
Improving the Process for Allocating Loan Management Set-Aside Funds to Multifamily Housing Projects
RCED-85-29: Published: Nov 16, 1984. Publicly Released: Nov 16, 1984.
The Loan Management Set-Aside (LMSA) Program is administered by the Department of Housing and Urban Development (HUD) to help maintain the financial viability of multifamily housing projects with cash-flow problems. The program is available to both insured and held projects. GAO reviewed the process used by HUD to allocate LMSA funds in fiscal years (FY) 1983 and 1984 and the basis used by HUD for...