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Homeownership: Cancellation and Termination Provisions of the Homeowners Protection Act of 1998

RCED-00-50R Published: Dec 10, 1999. Publicly Released: Dec 10, 1999.
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Highlights

 

Pursuant to a legislative requirement, GAO reviewed the Homeowners Protection Act of 1998, focusing on the: (1) act's cancellation and termination provisions for private mortgage insurance; (2) act's high-risk provisions; (3) effect high-risk provisions would have on mortgage lenders; and (4) number and characteristics of residential mortgage loans that are considered high risk and are therefore excluded from the routine cancellation and termination provisions.

 

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Insurance regulationLending institutionsLoan defaultsLoan repaymentsMortgage loansMortgage protection insuranceGovernment-sponsored enterprisesHomeownershipPrivate mortgage insuranceHousing