Homeownership: Potential Effects of Reducing FHA's Insurance Coverage for Home Mortgages
RCED-97-93
Published: May 01, 1997. Publicly Released: Jun 02, 1997.
Skip to Highlights
Highlights
Pursuant to a congressional request, GAO provided information on the impact of a reduction in the Federal Housing Administration's (FHA) mortgage insurance coverage on: (1) home mortgage lenders, the home mortgage market, and the types of borrowers served by FHA; (2) the financial condition of FHA's insurance fund; and (3) the Department of Housing and Urban Development's (HUD) Government National Mortgage Association.
Full Report
Office of Public Affairs
Topics
Economic analysisFederal aid for housingLending institutionsLoan defaultsLossesMortgage interest ratesMortgage loansMortgage programsMortgage protection insuranceMortgage-backed securities