HUD Compliance With Continuing Resolution Provision for Using the Full Amounts of Loan Guarantee Limitations

In response to a congressional request, GAO monitored the Department of Housing and Urban Development's (HUD) compliance with a section of the third continuing resolution for fiscal year 1982 which provided that the heads of departments should enter into commitments to guarantee or insure the full amounts provided for in this joint resolution or other applicable law. In particular, GAO reviewed the Federal Housing Administration (FHA), the Government National Mortgage Association (GNMA), and Section 108 loan guarantee programs.