Mortgage protection insurance (51 - 60 of 68 items)
Financial Management: Analysis of Selected VA and FHA Housing Program Accounting Methods
AFMD-92-8: Published: Nov 25, 1991. Publicly Released: Nov 25, 1991.
Pursuant to a congressional request, GAO compared certain accounting methods used by the Department of Veterans Affairs' (VA) housing credit assistance program with those the Federal Housing Administration uses for its Mutual Mortgage Insurance (MMI) Fund, focusing on how each agency handles: (1) losses from guaranteed or insured loans; (2) revenue from loan guarantee fees and insurance premiums;...
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...
Housing Programs: Increased Use of Alternatives to Foreclosure Could Reduce VA's Losses
RCED-90-4: Published: Dec 20, 1989. Publicly Released: Jan 16, 1990.
Pursuant to a congressional request, GAO reviewed the Department of Veterans Affairs' (VA) loan termination process for VA-guaranteed mortgages, focusing on how changes in VA practices could reduce the number and cost of foreclosures.GAO found that: (1) VA lost $465 million on foreclosed homes it acquired and resold during fiscal year (FY) 1987; (2) VA predominantly used foreclosure to liquidate d...
Internal Controls: Weaknesses in HUD's Single Family Housing Appraisal Program
RCED-87-165: Published: Sep 30, 1987. Publicly Released: Sep 30, 1987.
GAO analyzed the Department of Housing and Urban Development's (HUD) efforts to correct weaknesses in its single-family housing appraisal program.GAO found that HUD: (1) selected appraisals for review without a systematic, statistical sample; (2) did not meet the requirements of its present review program; and (3) used fee appraisers to perform field reviews of other appraisers' work, despite indi...
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...
Debentures Not Serving Purposes HUD Intended--Legislative Changes Could Help Increase Effectiveness and Minimize Interest Costs
RCED-85-38: Published: Mar 13, 1985. Publicly Released: Mar 13, 1985.
GAO evaluated the provisions of the National Housing Act of 1934, which authorized the Department of Housing and Urban Development (HUD) to accept long-term, low-interest debentures instead of cash as payment for mortgage insurance premiums. GAO focused its review on: (1) the impact of redemption of debentures before they reach maturity as payment for mortgage insurance premiums; and (2) helping H...