Mortgage programs (21 - 30 of 36 items)
Federal Housing Enterprises: HUD's Implementation of Its Mission Oversight Needs to Be Strengthened
T-GGD-98-177: Published: Jul 30, 1998. Publicly Released: Jul 30, 1998.
Pursuant to a congressional request, GAO discussed the Department of Housing and Urban Development's (HUD) housing mission oversight of the two largest government-sponsored housing enterprises: the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).GAO noted that: (1) HUD adopted a generally conservative approach in 1995 to setting the f...
Federal Housing Enterprises: HUD's Mission Oversight Needs to Be Strengthened
GGD-98-173: Published: Jul 28, 1998. Publicly Released: Jul 28, 1998.
Pursuant to a congressional request, GAO assessed the Department of Housing and Urban Development's (HUD) overall housing mission oversight of the two largest government-sponsored enterprises, which are the Federal National Mortgage Association (Fannie Mae) and the Federal Home Mortgage Corporation (Freddie Mac), focusing on: (1) HUD's legal basis, approach, and rationale for setting the numeric h...
VA Housing Loan Program
RCED-93-129R: Published: Mar 29, 1993. Publicly Released: Apr 9, 1993.
Pursuant to a congressional request, GAO reviewed an independent report on the Department of Veterans Affairs' (VA) Home Loan Guaranty Program, focusing on whether the: (1) report's recommendations were supported by sufficient evidence; and (2) report contained factual errors or analytical weaknesses. GAO found that: (1) the report did not adequately support 6 of the 7 recommendations with suffici...
Difficulties in Evaluating the Effectiveness of the Community Reinvestment Act of 1977
OCE-86-1: Published: Nov 4, 1985. Publicly Released: Nov 4, 1985.
In response to a congressional request, GAO tried to perform an evaluation of the effectiveness, economic efficiency, and equity of the Community Reinvestment Act (CRA).GAO obtained some information on regulatory actions taken by the agencies responsible for CRA implementation and enforcement; however, it found it impossible to conduct a reliable evaluation of the CRA economic impact. GAO found th...
Selection Process for Loans for Section 202 Housing for the Elderly and Handicapped
125516: Oct 31, 1984
In response to a congressional request, testimony was given on the review process used by the Department of Housing and Urban Development (HUD) in 1983 to select borrowers who received low-interest, direct loans for the construction of elderly and handicapped housing to determine whether: (1) the selection system was conducive to the efficient selection of project sponsors; and (2) allegations tha...
Problems Continue in Accounting for and Servicing HUD-Held Multifamily Mortgages
AFMD-82-18: Published: Aug 18, 1982. Publicly Released: Oct 17, 1982.
GAO was asked to perform a followup review to a prior report on loan servicing and accounting problems in the Department of Housing and Urban Development (HUD) multifamily mortgage programs. The earlier report concluded that the failure of HUD to produce adequate delinquency data and aggressively collect amounts owed on defaulted multifamily mortgages contributed significantly to the over $500 mil...
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...
Further Actions Needed To Improve Management of HUD Programs
CED-81-41: Published: Feb 26, 1981. Publicly Released: Feb 26, 1981.
GAO has made numerous recommendations in its reports on federal housing and community development programs to reduce costs and increase effectiveness. The actions of the Department of Housing and Urban Development (HUD) to implement these recommendations were reviewed.HUD has achieved cost savings and improved program operations by implementing many of the recommendations; however, no action has b...
Evaluation of Alternatives for Financing Low and Moderate Income Rental Housing
PAD-80-13: Published: Sep 30, 1980. Publicly Released: Sep 30, 1980.
Over the past 10 years, financing of Government-subsidized housing has changed from the more traditional and well-understood financing methods to more unusual combinations of the basic building blocks of the older programs. The new mechanisms, created to overcome the problems of older programs, have resulted in higher costs and some new problems. New and old alternatives for financing subsidized m...
The College Housing Loan Program: More Effective Management Needed
CED-80-75: Published: Mar 26, 1980. Publicly Released: Apr 2, 1980.
GAO was requested to report on the Department of Housing and Urban Development's (HUD) administration of the college housing loan program. The program, authorized in the Housing Act of 1950 to assist educational institutions with low cost loans to provide student and faculty housing, was suspended in 1973; but severe localized shortages of student housing and a need to renovate buildings for energ...