Resolution Trust Corporation:
Real Estate Recoveries 1993
GGD-94-84FS: Published: Mar 25, 1994. Publicly Released: Apr 12, 1994.
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GAO provided information on the Resolution Trust Corporation's (RTC) efforts to recover assets from failed savings and loans, focusing on its: (1) overall estimated recovery rates; and (2) actual real estate recoveries.
GAO found that: (1) between 1991 and 1992, RTC overall recovery rates for its financial and real estate assets declined 9 cents per dollar of book value; (2) significant economic uncertainties still exist that could affect the value of assets in resolved and unresolved institutions; (3) although economic conditions have improved RTC receiverships, it is difficult to predict the recovery rates and timing of sales because the remaining assets are considered hard to sell; (4) between 1992 and 1993, cumulative real estate sales and net proceeds decreased from the previous year, actual recovery rates increased 4 percent, and the cumulative recovery rate remained constant; (5) as of 1993, the average recovery rates from the sales of single-family property declined; (6) the average recovery rates for real estate assets sold in receiverships were lower than for assets sold in conservatorships; (7) in 1993, the difference between real estate sales prices and their appraised values increased with the age of the appraisal; and (8) although RTC reported that its cumulative closing costs decreased by 1 percent between 1991 and 1993, its closing costs may be unrealistic because its reporting system does not include all of RTC selling costs.
May 23, 2019
Export-Import Bank:
EXIM Should Explore Using Available Data to Identify Applicants with Delinquent Federal DebtGAO-19-337: Published: May 23, 2019. Publicly Released: May 23, 2019.
May 14, 2019
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Bank Supervision:
Regulators Improved Supervision of Management Activities but Additional Steps NeededGAO-19-352: Published: May 14, 2019. Publicly Released: May 14, 2019. -
Export-Import Bank:
Enhancements Needed in Credit Program Underwriting Policies and ProceduresGAO-19-43: Published: May 14, 2019. Publicly Released: May 14, 2019.
May 9, 2019
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Indian Issues:
Agricultural Credit Needs and Barriers to Lending on Tribal LandsGAO-19-464: Published: May 9, 2019. Publicly Released: May 9, 2019.
May 3, 2019
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Ginnie Mae:
Risk Management and Staffing-Related Challenges Need to Be AddressedGAO-19-191: Published: Apr 3, 2019. Publicly Released: May 3, 2019.
Apr 12, 2019
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Priority Open Recommendations:
Board of Governors of the Federal Reserve SystemGAO-19-355SP: Published: Apr 5, 2019. Publicly Released: Apr 12, 2019. -
Priority Open Recommendations:
Federal Deposit Insurance CorporationGAO-19-354SP: Published: Apr 5, 2019. Publicly Released: Apr 12, 2019.
Apr 10, 2019
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Priority Open Recommendations:
Securities and Exchange CommissionGAO-19-379SP: Published: Apr 3, 2019. Publicly Released: Apr 10, 2019.
Mar 20, 2019
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Federal Home Loan Banks:
Steps Have Been Taken to Promote Board Diversity, but Challenges RemainGAO-19-252: Published: Feb 14, 2019. Publicly Released: Mar 20, 2019.
Mar 12, 2019
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Financial Technology:
Agencies Should Provide Clarification on Lenders' Use of Alternative Data [Reissued with revisions on Mar. 12, 2019.]GAO-19-111: Published: Dec 19, 2018. Publicly Released: Dec 19, 2018.
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