Housing programs (31 - 40 of 516 items)
Inspectors General: HUD Office of Inspector General Resources and Results
GAO-12-618: Published: May 31, 2012. Publicly Released: May 31, 2012.
During the 5-year period from fiscal year 2007 through 2011, the Department of Housing and Urban Developments (HUD) Office of Inspector General (OIG) had budget and staffing resources that were consistent with other OIGs, and a monetary return for each budget dollar which exceeded the average return for Cabinet-level OIGs. During the 5-year period, the HUD OIG had total budgetary resources r...
Homeless Women Veterans: Actions Needed to Ensure Safe and Appropriate Housing
GAO-12-182: Published: Dec 23, 2011. Publicly Released: Jan 23, 2012.
Limited VA data show the number of women veterans it has identified as homeless more than doubled, from 1,380 in fiscal year 2006 to 3,328 in fiscal year 2010. Although these data are not generalizable to the overall population of homeless women veterans, we identified some characteristics of these women. For example, almost two-thirds were between 40 and 59 years old and over one-third had disabi...
Vacant Properties: Growing Number Increases Communities' Costs and Challenges
GAO-12-34: Published: Nov 4, 2011. Publicly Released: Dec 6, 2011.
Vacant and unattended residential properties can attract crime, cause blight, and pose a threat to public safety. While homeowners or mortgage owners--including the mortgage servicers that administer loans on behalf of loan owners--are responsible for maintaining vacant properties with mortgages undergoing foreclosure, the costs local governments incur to mitigate any unsafe conditions can be sign...
Federal Housing Administration: Risks to the Mutual Mortgage Insurance Fund and the Agency's Operations
GAO-12-277T: Published: Dec 1, 2011. Publicly Released: Dec 1, 2011.
The Federal Housing Administration (FHA) has helped millions purchase homes by insuring private lenders against losses from defaults on single-family mortgages. In recent years, FHA has experienced a dramatic increase in its market role due, in part, to the contraction of other mortgage market segments. The increased reliance on FHA mortgage insurance highlights the need for FHA to ensure that it...
Ginnie Mae: Risk Management and Cost Modeling Require Continuing Attention
GAO-12-49: Published: Nov 14, 2011. Publicly Released: Dec 1, 2011.
The Government National Mortgage Association (Ginnie Mae) has increased its role in the secondary mortgage market significantly. Ginnie Mae is a wholly owned government corporation in the Department of Housing and Urban Development (HUD). It guarantees the timely payment of principal and interest of mortgage-backed securities (MBS) backed by pools of federally insured or guaranteed mortgage loans,...
Federal Housing Administration: Improvements Needed in Risk Assessment and Human Capital Management
GAO-12-15: Published: Nov 7, 2011. Publicly Released: Nov 7, 2011.
The Department of Housing and Urban Development's (HUD) Federal Housing Administration (FHA) has helped millions purchase homes by insuring private lenders against losses from defaults on FHA-insured single-family mortgages. In recent years, FHA has experienced a dramatic increase in its market role due, in part, to the contraction of other mortgage market segments. The increased reliance on FHA m...
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...
Troubled Asset Relief Program: Results of Housing Counselors Survey on Borrowers' Experiences with the Home Affordable Modification Program
GAO-11-367R: Published: May 26, 2011. Publicly Released: May 26, 2011.
To restore stability and liquidity to the financial system, Congress established the $700 billion Troubled Asset Relief Program (TARP) and directed the Department of the Treasury (Treasury) to use the authorities granted under TARP to, among other things, preserve homeownership and protect home values. In February 2009, Treasury announced that up to $50 billion in TARP funds had been allocated to...
Troubled Asset Relief Program: Survey of Housing Counselors about the Home Affordable Modification Program (GAO-11-368SP, May 2011), an E-supplement to GAO-11-367R
GAO-11-368SP: Published: May 26, 2011. Publicly Released: May 26, 2011.
This e-publication supplements our correspondence TROUBLED ASSET RELIEF PROGRAM: Results of Housing Counselors Survey on Borrowers' Experiences with HAMP (GAO-11-367R). The purpose of this e-publication is to provide the results of a Web-based survey of housing counselors that we conducted between October 21 and November 5, 2010, as part of our work for the report. These counselors belonged to net...
Military Housing: Enhancements Needed to Housing Allowance Process and Information Sharing among Services
GAO-11-462: Published: May 16, 2011. Publicly Released: May 16, 2011.
The Department of Defense (DOD) paid active duty military personnel over $18 billion in housing allowances in fiscal year 2010. DOD sets housing allowance rates annually based on market costs of rent, utilities, and renter's insurance. Also, DOD has identified 26 installations significantly impacted by expected growth in personnel due to various rebasing actions. The Senate report accompanying a b...