Lending institutions (21 - 30 of 32 items)
FHA Loan Limits: Finance Board Data Are a Reasonable Source of Home Sales Prices
RCED-99-78: Published: Mar 29, 1999. Publicly Released: Mar 29, 1999.
Pursuant to a congressional request, GAO provided information on housing prices from sources other than the Federal Housing Finance Board, focusing on: (1) comparing data on house prices from the Finance Board with data the Department of Housing and Urban Development's Office of Federal Housing Enterprise Oversight (OFHEO) collects to measure house price changes; (2) views of officials of the agen...
Homeownership: Results of and Challenges Faced by FHA's Single-Family Mortgage Insurance Program
T-RCED-99-133: Published: Mar 25, 1999. Publicly Released: Mar 25, 1999.
Pursuant to a congressional request, GAO discussed the Federal Housing Administration's (FHA) single-family mortgage insurance program, focusing on: (1) the activities of FHA's home mortgage insurance program, including the extent to which home buyers use FHA insurance, the characteristics of these home buyers--including whether they were first-time home buyers--and how many of them might also qua...
High-Loan-to-Value Lending: Information on Loans Exceeding Home Value
GGD-98-169: Published: Aug 13, 1998. Publicly Released: Sep 14, 1998.
Pursuant to a congressional request, GAO provided information on high-loan-to-value (HLTV) loans, focusing on the: (1) characteristics of HLTV loans; (2) major organizations that provided HLTV lending; (3) volume of HLTV lending in 1995, 1996, and 1997, and the expected volume in 1998; and (4) benefits and risks of HLTV lending for borrowers, lenders, investors, and regulated depository institutio...
Homeownership: Achievements of and Challenges Faced by FHA's Single-Family Mortgage Insurance Program
T-RCED-98-217: Published: Jun 2, 1998. Publicly Released: Jun 2, 1998.
GAO discussed: (1) the achievements of the Federal Housing Administration's (FHA) home mortgage insurance program, including the extent that home buyers use FHA insurance, the characteristics of these home buyers--including whether they were first-time home buyers--and how many of them might also qualify for private mortgage insurance; (2) how the insurance terms available through FHA's principal...
Government Sponsored Enterprises: Advantages and Disadvantages of Creating a Single Housing GSE Regulator
GGD-97-139: Published: Jul 9, 1997. Publicly Released: Jul 17, 1997.
Pursuant to a congressional request, GAO reviewed the advantages and disadvantages of creating a single regulator for the three housing government-sponsored enterprises (GSE).GAO noted that: (1) GAO's ongoing work has strengthened its belief that the housing GSE regulators would be more effective if combined and authorized to oversee both safety and soundness and mission compliance; (2) nothing GA...
Homeownership: Potential Effects of Reducing FHA's Insurance Coverage for Home Mortgages
RCED-97-93: Published: May 1, 1997. Publicly Released: Jun 2, 1997.
Pursuant to a congressional request, GAO provided information on the impact of a reduction in the Federal Housing Administration's (FHA) mortgage insurance coverage on: (1) home mortgage lenders, the home mortgage market, and the types of borrowers served by FHA; (2) the financial condition of FHA's insurance fund; and (3) the Department of Housing and Urban Development's (HUD) Government National...
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...
Borrowers Pay Lower Effective Interest Rates for Large Conventional Mortgage Loans
RCED-84-151: Published: Apr 5, 1984. Publicly Released: Apr 5, 1984.
In response to a congressional request, GAO determined: (1) what proportion of conventional mortgage loans exceeded the statutory conforming loan limit of $108,300 in 1983; (2) how interest rates and fees paid by borrowers for conventional loans which exceeded the 1983 limit differed from those paid by borrowers for conventional conforming loans; and (3) what income a hypothetical borrower would n...
Examination of Financial Statements Pertaining to Insurance Operations of the Federal Housing Administration, Fiscal Year 1975
CED-76-157: Published: Nov 11, 1976. Publicly Released: Nov 11, 1976.
The Federal Housing Administration administers mortgage insurance programs under which lending institutions are insured against loss in financing first mortgages on various types of housing. Insurance is also provided on loans which finance property alterations, repairs and improvements, and mobile homes.At June 30, 1975, FHA's combined insurance reserves were depleted for the first time (totaling...