Mortgage Financing:
Changes in the Performance of FHA-Insured Loans
GAO-02-773: Published: Jul 10, 2002. Publicly Released: Aug 9, 2002.
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Federal Housing Administration (FHA) loans made in recent years have experienced somewhat higher foreclosure rates than loans made in earlier years. However, recent loans are performing much better than loans made in the 1980s. Although economic factors such as house price appreciation are key determinants of mortgage foreclosure, changes in underwriting requirements, as well as changes in the conventional mortgage market, may partly explain the higher foreclosure rates experienced in the 1990s. Factors not fully captured in the model GAO used may be affecting the performance of recent FHA loans and causing the overall risks of FHA's portfolio to be somewhat greater than previously estimated. Thus, the Mutual Mortgage Insurance Fund may be somewhat less able to withstand worse-than-expected loan performance resulting from adverse economic conditions.
Dec 16, 2020
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Disaster Housing:
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Troubled Asset Relief Program:
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Aug 13, 2020
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Homelessness:
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Jul 29, 2020
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Crumbling Foundations:
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Jul 27, 2020
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Housing:
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Jun 26, 2020
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Rental Housing:
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Apr 30, 2020
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Priority Open Recommendations:
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Mar 17, 2020
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Working Capital Fund:
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Mar 3, 2020
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Military Housing:
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