Department of Housing and Urban Development:

Single Family Mortgage Insurance-Loss Mitigation Procedures

OGC-98-17: Published: Dec 9, 1997. Publicly Released: Dec 9, 1997.

Multimedia:

Additional Materials:

Contact:

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

Pursuant to a legislative requirement, GAO reviewed the Department of Housing and Urban Development (HUD) new rule on single family mortgage insurance loss mitigation procedures. GAO found that: (1) the rule eliminates the Mortgage Assignment Program and provides that HUD may: (a) recompense mortgages for using mortgage foreclosures; (b) pay the mortgagee a partial claim which would be applied to the arrearage of a defaulted mortgage; and (c) accept assignment of a mortgage which the mortgagee has modified to cure the default; and (2) HUD complied with the applicable requirements in promulgating the rule.

Apr 16, 2015

Apr 9, 2015

Mar 16, 2015

Feb 4, 2015

Oct 7, 2014

Aug 1, 2014

Mar 31, 2014

Mar 27, 2014

Mar 18, 2014

Feb 6, 2014

Looking for more? Browse all our products here