Financial management (31 - 39 of 39 items)
Rural Housing: Impact of Refinancing and Selling FmHA Section 502 Homeownership Loans
RCED-87-54: Published: Mar 31, 1987. Publicly Released: Mar 31, 1987.
GAO reported on the Department of Agriculture (USDA) Farmers Home Administration's (FmHA) plan to sell rural homeownership loans, and compared the impact on revenues of selling or refinancing the loans.The Omnibus Budget Reconciliation Act of 1986 requires the Secretary of Agriculture to sell loans to the public to reduce fiscal year 1987 federal outlays by over $1.7 billion. GAO noted that the Ho...
Thrift Industry: Net Worth and Income Capital Certificates
GGD-86-100FS: Published: Jun 23, 1986. Publicly Released: Jun 23, 1986.
In response to a congressional request, GAO provided information on the Net Worth Certificate Program, specifically: (1) its participants; and (2) the Federal Savings and Loan Insurance Corporation's use of income capital certificates to support the net-worth levels of thrift institutions.GAO found that: (1) Congress is currently considering reauthorizing the program; and (2) two institutions shou...
Department of Housing and Urban Development Policies Concerning Multifamily Property Management and Disposition
121488: May 25, 1983
GAO discussed the Department of Housing and Urban Development's (HUD) policies concerning multifamily property management and disposition. Specifically, GAO addressed: (1) the basis for the prices that HUD receives on project sales and the financing mechanisms involved; (2) the current status of delinquencies on HUD multifamily assigned mortgages; (3) HUD responsiveness to prior GAO recommendation...
Review of Frontier Heights Housing Project, Snohomish County, Washington
B-171630: Published: Apr 2, 1971. Publicly Released: Nov 12, 1982.
No summary is currently available...
Better Cash Management Needed in HUD's Section 312 Housing Rehabilitation Loan Program
CED-80-74: Published: Mar 28, 1980. Publicly Released: Apr 28, 1980.
A review was made of the Department of Housing and Urban Development's (HUD) cash management procedures for administering the rehabilitation loan program authorized by section 312 of the Housing Act of 1964. The program provides direct low-interest, long-term loans to property owners in approved areas. Local public agencies (LPA's) are responsible for loan processing leading up to and following se...
Internal Audit of Financial Operations in the Department of Housing and Urban Development
FGMSD-78-25: Published: Apr 12, 1978. Publicly Released: Apr 12, 1978.
The Department of Housing and Urban Development's (HUD) internal audit is conducted by the Office of Inspector General (OIG) which is concerned with audit, investigation, and security reviews within HUD. Audits of the accounting function are performed by the Office of Washington Operations and Special Projects which has responsibility for reviewing accounting operations in Washington, D.C., and th...
Large Savings Possible in Mortgage Insurance Premium Payment System
103113: Aug 24, 1977
Much money can be saved by eliminating, reducing, or simplifying the Department of Defense (DOD) program of paying its employees' mortgage insurance premiums to the Department of Housing and Urban Development. (HUD)The salary costs of HUD and DOD employees involved in billing and paying premiums amount to $700,000, while annual premiums paid by DOD to HUD amount to $2.6 million. To transfer funds...
Examination of Financial Statements Pertaining to Insurance Operations of the Federal Housing Administration, Fiscal Year 1972
B-114860: Published: Jun 22, 1973. Publicly Released: Jun 22, 1973.
No summary is currently available...