Pursuant to a legislative requirement, GAO provided information on changes in the: (1) income, age, and race of borrowers of Federal Housing Administration (FHA)-insured mortgages; and (2) location of their homes.

GAO found that: (1) 24 percent of FHA-insured mortgages originated in 1991 went to low-income families, and 41 percent of FHA-insured loans originated in 1991 went to moderate-income families; (2) the portion of FHA borrowers under the age of 30 decreased between 1976 and 1991, although buyers under 30 consistently made up a large proportion of FHA borrowers; (3) minorities made up a higher proportion of FHA borrowers than of all U.S. home buyers; and (4) the percentage of FHA-insured mortgages originated for homes in urban neighborhoods was smaller in 1991 than in 1976.