Single Family Mortgage Insurance and Loss Mitigation Procedures

OGC-96-33: Published: Aug 8, 1996. Publicly Released: Aug 8, 1996.


Additional Materials:


Office of Public Affairs
(202) 512-4800

Pursuant to a legislative requirement, GAO reviewed the Department of Housing and Urban Development's (HUD) new rule on single family mortgage insurance and loss mitigation procedures. GAO found that: (1) the interim rule would eliminate the Mortgage Assignment Program and provide alternative procedures to foreclosure for mortgagors in default and reward mortgagees for using the alternative procedures; (2) the rule would also provide for payment to the mortgagee of a partial claim to be applied to the arrearage and for HUD to accept an assignment of a modified mortgage to cure the default, where repooling of the loan is not possible; and (3) HUD complied with applicable requirements in promulgating the rule.

Sep 10, 2018

Jun 26, 2018

Jun 19, 2018

May 17, 2018

Apr 26, 2018

Apr 24, 2018

Apr 17, 2018

Mar 22, 2018

Mar 15, 2018

Feb 15, 2018

Looking for more? Browse all our products here