Housing programs (61 - 70 of 89 items)
Property Disposition: Information on Federal Single-Family Properties
RCED-91-69: Published: Mar 29, 1991. Publicly Released: Apr 9, 1991.
Pursuant to a congressional request, GAO reviewed single-family property disposition activities of the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), the Farmers Home Administration (FmHA), and the Resolution Trust Corporation (RTC), focusing on: (1) the number of single-family properties acquired and sold, the losses associated with those sales, and current invento...
Homeownership: Loan Policy Changes Made to Strengthen FHA's Mortgage Insurance Program
RCED-91-61: Published: Mar 1, 1991. Publicly Released: Mar 13, 1991.
Pursuant to a congressional request, GAO reviewed policy changes to the Federal Housing Administration's (FHA) single-family mortgage insurance program, focusing on the: (1) effect of the changes on the FHA Mutual Mortgage Insurance Fund's cash position; and (2) House-Senate Conference Committee on Housing Legislation's attempts to enact housing legislation.GAO found that: (1) the Fund's cash posi...
Secondary Mortgage Market: Home Loans in the Atlanta Area
T-RCED-91-13: Published: Feb 28, 1991. Publicly Released: Feb 28, 1991.
GAO discussed the secondary home loan mortgage market in Atlanta, Georgia, focusing on racial discrimination in home mortgage lending. GAO noted that: (1) the combined secondary mortgage market purchases made or insured in Atlanta by the Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac), and Department of Housing and Urban Development (HUD) ge...
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...
Secondary Mortgage Market: Information on Underwriting and Home Loans in the Atlanta Area
RCED-91-2: Published: Nov 28, 1990. Publicly Released: Jan 2, 1991.
Pursuant to a congressional request, GAO examined home secondary mortgage lending, focusing on whether: (1) underwriting criteria of secondary market institutions and private mortgage insurers contributed to racial discrimination; and (2) statistical evidence of discrimination existed in the Atlanta, Georgia, area by home mortgage lenders that were not depository institutions.GAO found that: (1) u...
Home Ownership: Limiting Mortgage Assistance Provided to Owners With High-Income Growth
RCED-90-117: Published: Sep 26, 1990. Publicly Released: Sep 26, 1990.
Pursuant to a legislative requirement, GAO provided information on provisions for qualified mortgage bond and mortgage credit certificate assistance, focusing on the recapture mechanism.GAO found that: (1) many assisted owners will use a higher recapture rate than the interest-rate reduction they received when computing their recapture amount, since most assisted owners had a mortgage interest red...
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...
Role of Qualified Mortgage Bonds in Providing Home Ownership Opportunities
T-RCED-88-31: Published: Mar 28, 1988. Publicly Released: Mar 28, 1988.
GAO discussed whether Congress should extend the issuance authority for qualified mortgage bonds, which provide fixed-rate loans at below-market interest rates to assist first-time home buyers. GAO noted that: (1) bond financing provided only limited home ownership opportunities and made only a marginal difference in mortgage affordability; (2) most assisted buyers probably could have qualified fo...
Role of Tax Policy in Preserving the Stock of Low-Income Rental Housing
T-RCED-88-22: Published: Mar 3, 1988. Publicly Released: Mar 3, 1988.
GAO discussed H.R. 3663, focusing on the: (1) potential loss of a large number of privately owned and federally subsidized low-income rental housing units; and (2) use of tax policy as a means of encouraging low-income rental housing preservation. GAO found that: (1) over half of the approximately 2.0-million-unit low-income housing inventory was vulnerable to loss by the end of 1995 through owner...