Mortgage protection insurance (31 - 40 of 45 items)
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...
Impact of FHA Loan Policy Changes on Financial Losses and Homebuyers
T-RCED-90-95: Published: Jul 10, 1990. Publicly Released: Jul 10, 1990.
GAO discussed the impact of proposed policy changes to the Federal Housing Administration's (FHA) Mutual Mortgage Insurance (MMI) Fund on the Fund's cash position. GAO found that: (1) raising the mortgage ceiling to 95 percent of a state's median house price would have the greatest positive effect on the Fund's cash balance; (2) raising the mortgage ceiling will also generate the most new business...
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...
Financial Audit: Federal Housing Administration Fund's 1987 Statement of Financial Position
AFMD-89-3: Published: May 12, 1989. Publicly Released: May 12, 1989.
Pursuant to a legislative requirement, GAO reviewed the Federal Housing Administration (FHA) Fund's consolidated statement of financial position as of September 30, 1987.GAO found that the FHA Fund's consolidated statement of financial position fairly presented its financial position as of September 30, 1987, in conformity with generally accepted accounting principles...
The Federal Housing Administration Needs Clearer Criteria for Underwriting Single-Family Mortgages Insurance
CED-78-59: Published: Mar 13, 1978. Publicly Released: Dec 3, 1982.
The single-family home underwriting practices of the Federal Housing Administration (FHA) in the New York area office were reviewed. In three Brooklyn neighborhoods, the volume of approvals and disapprovals for single-family mortgage insurance from May 1, 1976, to April 30, 1977, were determined, and the FHA underwriting criteria were identified.In the designated neighborhoods, FHA personnel: reje...
Termination of Mortgage Insurance Premium Payments on Department of Defense-Owned Housing
CED-78-147: Published: Aug 3, 1978. Publicly Released: Aug 3, 1978.
On December 12, 1977, GAO reported to the Secretary of Housing and Urban Development (HUD) that the practice of requiring the Department of Defense (DOD) to pay mortgage-insurance premiums on family housing properties owned by DOD and insured by HUD was no longer necessary. The Secretary of Defense guaranteed payment of outstanding mortgages on these properties, and Congress provided annual approp...
Condominium Homeownership Opportunities Could Be Increased
CED-78-71: Published: Mar 21, 1978. Publicly Released: Mar 21, 1978.
The growth in condominium ownership and its advantages have led to the enactment of legislation authorizing condominium financing programs for the Department of Housing and Urban Development (HUD), the Veterans Administration (VA), and the Farmers Home Administration (FmHA).Because of statutory limitations, opportunities for financing are still not readily available to condominium buyers. HUD can...
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...
HUD's System for Billing and Collecting FHA Mortgage Insurance Premiums From Mortgagees
FGMSD-76-54: Published: May 5, 1976. Publicly Released: May 5, 1976.
No summary is currently available...