Housing (51 - 60 of 82 items)
Federal Housing Enterprises: HUD's Mission Oversight Needs to Be Strengthened
GGD-98-173: Published: Jul 28, 1998. Publicly Released: Jul 28, 1998.
Pursuant to a congressional request, GAO assessed the Department of Housing and Urban Development's (HUD) overall housing mission oversight of the two largest government-sponsored enterprises, which are the Federal National Mortgage Association (Fannie Mae) and the Federal Home Mortgage Corporation (Freddie Mac), focusing on: (1) HUD's legal basis, approach, and rationale for setting the numeric h...
Housing Finance: FHA's Risk-Sharing Programs Offer Alternatives for Financing Affordable Multifamily Housing
RCED-98-117: Published: Apr 23, 1998. Publicly Released: Apr 23, 1998.
Pursuant to a legislative mandate, GAO reviewed the risk-sharing demonstration programs established under section 542 of the Housing and Community Development Act of 1992, focusing on: (1) how well the programs' goals are being met; (2) the benefits for participating financial institutions and the Department of Housing and Urban Development (HUD); and (3) opportunities for improving the programs a...
Homeownership: Information on Changes in FHA's New Single-Family Appraisal Process
RCED-97-176: Published: Jul 25, 1997. Publicly Released: Jul 25, 1997.
Pursuant to a congressional request, GAO provided information on the Federal Housing Administration's (FHA) appraisal process, focusing on: (1) how appraisals of FHA-insured single-family homes were assigned before December 1994, who assigned appraisal work, and why the appraisal assignment process changed; (2) what the reactions to this change have been from the affected parties--former FHA fee p...
Rural Housing: Shift to Guaranteed Program Can Benefit Borrowers and Reduce Government's Exposure
RCED/AIMD-95-63: Published: Dec 21, 1994. Publicly Released: Jan 9, 1995.
Pursuant to a congressional request, GAO reviewed the: (1) Farmers Home Administration's (FmHA) single-family housing loan program, focusing on the merits of allowing borrowers to refinance their direct and guaranteed loans at lower interest rates.GAO found that: (1) as of September 30, 1994, the FmHA loan portfolio contained about 765,000 direct loans for single-family housing with an outstanding...
Housing Finance: Implications of Alternative Methods of Adjusting the Conforming Loan Limit
RCED-95-6: Published: Oct 5, 1994. Publicly Released: Oct 5, 1994.
Pursuant to a legislative requirement, GAO reviewed the methodology that the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) uses to adjust the conforming loan limit, focusing on: (1) the effect of using alternative adjustment methods on the loan limit; (2) the implications of Fannie Mae's and Freddie Mac's decision to maintain the 1993 l...
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)...
Government National Mortgage Association: Greater Staffing Flexibility Needed to Improve Management
RCED-93-100: Published: Jun 30, 1993. Publicly Released: Jul 13, 1993.
Pursuant to a congressional request, GAO provided information on the Government National Mortgage Association's (GNMA) activities, focusing on: (1) its mission objectives; and (2) recent management and issuer oversight problems and solutions.GAO found that: (1) although the GNMA mission of financing low- and moderate-income housing has essentially remained the same, GNMA activities have significan...
Rural Rental Housing: Incentives Maintain Low-Income Housing but Clearer Guidance Needed
RCED-92-150: Published: Jun 23, 1992. Publicly Released: Jul 15, 1992.
Pursuant to a congressional request, GAO provided information on: (1) financial and other incentives offered by the Farmers Home Administration (FmHA) and their effect on preserving the FmHA rural rental housing inventory; (2) the types of incentives FmHA uses; and (3) the problems FmHA encounters in providing incentives.GAO found that: (1) 140 FmHA projects either received financial incentives or...
Federal Home Loan Mortgage Corporation: Abuses in Multifamily Program Increase Exposure to Financial Losses
RCED-92-6: Published: Oct 7, 1991. Publicly Released: Oct 15, 1991.
Pursuant to a congressional request, GAO examined whether the Federal Home Loan Mortgage Corporation's (Freddie Mac) procedures governing the purchasing and servicing of 35 Bronx, New York, multifamily mortgages adequately protected its investments.GAO found that: (1) because of weak controls, Freddie Mac did not detect patterns of inaccurate and incomplete information in the appraisals and report...
Thrifts and Housing Finance: Implications of a Stricter Qualified Thrift Lender Test
GGD-91-24: Published: Apr 30, 1991. Publicly Released: Apr 30, 1991.
Pursuant to a legislative requirement, GAO evaluated the implications of a more stringent test for qualifying savings and loan associations to operate as insured thrifts, focusing on: (1) requirements changing the minimum thrift portfolio proportion of housing-related assets from 60 percent to 70 percent; and (2) better definition and restriction of acceptable thrift investments.GAO found that: (1...