Homeowners loans (31 - 40 of 46 items)
Multifamily Housing: Status of HUD's Multifamily Loan Portfolios
RCED-94-173FS: Published: Apr 12, 1994. Publicly Released: Apr 12, 1994.
Pursuant to a congressional request, GAO reviewed the financial status of the Department of Housing and Urban Development's (HUD) multifamily insured and assigned loan portfolios, focusing on the: (1) number of current and delinquent loans; (2) ratio of loan delinquencies to the unpaid principal balances; and (3) actions that HUD has taken to resolve the delinquencies.GAO found that: (1) about 97...
Tax Policy: Many Factors Contributed to the Growth in Home Equity Financing in the 1980s
GGD-93-63: Published: Mar 25, 1993. Publicly Released: Apr 28, 1993.
Pursuant to a congressional request, GAO reviewed the use of home equity financing, focusing on: (1) trends in home equity and mortgage-backed financing, and other types of consumer credit between 1981 and 1991; (2) causes of the growth in home equity financing; (3) problems caused by home equity financing; and (4) the implications of tax policy options to constrain home equity borrowing.GAO found...
Housing and Community Development Products 1990-91
RCED-92-111: Published: Mar 1, 1992. Publicly Released: Mar 1, 1992.
GAO presented an index of reports and testimonies it issued between January 1990 and December 1991 related to housing and community development issues.GAO presented a brief synopsis of reports and testimonies relating to: (1) homeownership assistance; (2) rental and public housing; (3) homelessness; (4) community development; (5) small and minority businesses; and (6) disaster assistance...
Program Effectiveness of Mortgage Revenue Bonds in a Changing Economic Environment
145415: Jan 1, 1992
This article analyzes how the Tax Reform Act of 1986 and the trend away from high nominal interest rates have affected the ability of mortgage revenue bonds programs to provide significant mortgage rate subsidies...
Home Ownership: Mortgage Servicing Transfers Are Increasing and Causing Borrower Concern
RCED-90-62: Published: Nov 1, 1989. Publicly Released: Nov 22, 1989.
Pursuant to a congressional request, GAO reviewed home mortgage servicing transfer practices.GAO found that 1985 mortgage servicing transfer estimates of $80 to $90 billion increased to $150 billion in 1988, because economies of scale, accounting and tax advantages, and income generation needs made servicing buying and selling profitable. GAO also found that borrowers were adversely affected by th...
Home Ownership: Targeting Assistance to Buyers Through Qualified Mortgage Bonds
RCED-88-190BR: Published: Jun 27, 1988. Publicly Released: Jun 27, 1988.
In response to a congressional request, GAO provided information on how to tighten eligibility criteria to better target assistance for first-time home buyers receiving reduced-interest rate loans through qualified mortgage bonds.GAO found that: (1) bond-assisted loans could have more of an impact on home ownership rates if agencies targeted them to households less likely to become home owners wit...
Home Ownership: Mortgage Bonds Are Costly and Provide Little Assistance to Those in Need
RCED-88-111: Published: Mar 28, 1988. Publicly Released: Mar 28, 1988.
In response to a congressional request, GAO provided information on the role of qualified mortgage bonds in providing financing for first-time home buyers, specifically: (1) the extent to which they assisted low- and moderate-income buyers; and (2) how states are allocating issuance authority under the mandated cap.GAO found that: (1) about two-thirds of the 177,786 buyers who received bond-assist...
Housing Programs: Agency Actions To Discourage Single Family Mortgage Insurance Fraud
RCED-86-172BR: Published: Jun 3, 1986. Publicly Released: Jul 3, 1986.
In response to a congressional request, GAO examined the Department of Housing and Urban Development's (HUD) actions to determine if they addressed previously examined internal control issues and recommendations concerning allegations of abuse of HUD-insured mortgage loans.GAO found that HUD: (1) took significant steps, consistent with earlier GAO recommendations, to discourage fraud and abuse in...
HUD Should Strengthen Mortgagee Monitoring To Reduce Losses
CED-81-108: Published: Jun 9, 1981. Publicly Released: Jul 9, 1981.
Mortgagees approved by the Department of Housing and Urban Development (HUD) are responsible for originating and servicing HUD-insured, single-family loans. If a mortgagee fails to adequately assess a prospective home buyer's ability to repay a loan or fails to provide proper servicing of that loan, then defaults, foreclosures, and substantial losses to the Federal Government can occur. HUD primar...
New Mortgages for Financing Homes Need Uniform and Comprehensive Consumer Safeguards
CED-81-53: Published: Jul 2, 1981. Publicly Released: Jul 2, 1981.
GAO reviewed several of the new mortgage instruments for single-family homes and their impact on homebuyers and lenders. The review was made because many Americans purchasing homes in the future will be faced with selecting one of the new alternative mortgage instruments instead of the standard level payment mortgage which has been in use for about 40 years.The principal types of alternatives to t...