Foreclosures (61 - 66 of 66 items)
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...
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...
HUD Reassessment Procedures for Multifamily Housing Projects During the Approval Process and Construction Phase
CED-82-109: Published: Jun 30, 1982. Publicly Released: Jul 29, 1982.
GAO conducted a study in response to a congressional request to determine: (1) whether Department of Housing and Urban Development (HUD) procedures to reassess its commitment to projects when changes such as increased construction costs and high interest rates make their financial outlook questionable were followed in approving the Park Crestwood project in Crestwood, Missouri; (2) HUD procedures...
Administrative Procedures and Controls Need Strengthening To Reduce Losses to HUD's Mortgage Insurance Fund
CED-81-29: Published: Dec 18, 1980. Publicly Released: Dec 18, 1980.
A review was performed of payments made by the Department of Housing and Urban Development (HUD) and the Veterans Administration (VA) to mortgage investors to determine if opportunities exist to reduce losses to Federal mortgage insurance and guarantee programs.No problems were found in guarantee payments made by VA. HUD pays mortgagees several million dollars annually in unearned interest by payi...
Analysis of Multifamily Assigned Mortgages
CED-80-43: Published: Jan 16, 1980. Publicly Released: Jan 22, 1980.
In response to a Senate request, GAO obtained information on the amount of money and length of time involved in delinquencies on multifamily mortgages held by the Department of Housing and Urban Development (HUD). Mortgages under workout arrangements designed to bring them current and mortgages in the foreclosure process were also considered.Past experience has shown that at the time of mortgage a...
HUD's Management and Monitoring of the Clifton Terrace Apartments and General Information on Assigned Multifamily Projects
110920: Nov 13, 1979
Certain past and present GAO reviews of the Department of Housing and Urban Development's (HUD) management of its multifamily mortgage programs are discussed. Concerning the Clifton Terrace project, the information obtained from available files indicated that HUD: (1) sold the Clifton Terrace property to P.I. Properties, Inc., under unusual circumstances, and at a price $400,000 below that which w...