Mortgage Financing: Financial Health of the Federal Housing Administration's Mutual Mortgage Insurance Fund
T-RCED-00-287
Published: Sep 12, 2000. Publicly Released: Sep 12, 2000.
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Highlights
Pursuant to a congressional request, GAO discussed the financial health of the Mutual Mortgage Insurance Fund, focusing on: (1) the activities of the Federal Housing Administration's (FHA) home mortgage insurance program; (2) how the reserves of the Fund are estimated; (3) GAO's views on determining an adequate level of reserves; (4) actions that Congress and the Secretary of the Department of Housing and Urban Development (HUD) have taken or could take to influence the level of reserves; and (5) the impact that actions affecting the level of reserves could have on the federal budget.
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Topics
Budget surplusBudgetary reservesFinancial analysisFinancial managementForeclosuresGovernment guaranteed loansInsurance lossesMortgage loansMortgage programsMortgage protection insurance