Loan Asset Sales:

An Evaluation of FmHA's 1987 Sales

AFMD-90-42: Published: Apr 6, 1990. Publicly Released: May 11, 1990.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

GAO reviewed whether the Farmers Home Administration (FmHA): (1) conducted loan asset sales in a professional manner; (2) received the maximum net proceeds practicable for the loan assets sold; and (3) protected borrower's rights in selling loan assets.

GAO found that FmHA: (1) competitively obtained the services of some U.S. investment bankers as financial advisors and underwriters to assist in managing the sales; (2) loan sale financing structures were similar to those used to conduct sales for major private-sector entities; (3) pilot sales adhered to Office of Management and Budget loan sale guidelines; (4) used credit enhancements to ensure maximum net sales proceeds; and (5) protected the rights of borrowers in loan sale agreements during the first year following the sale.

Aug 19, 2016

Aug 15, 2016

Aug 12, 2016

Jul 29, 2016

Jul 28, 2016

Jul 13, 2016

Jul 11, 2016

Jun 13, 2016

Jun 6, 2016

Looking for more? Browse all our products here