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Homeownership: Potential Effects of Reducing FHA's Insurance Coverage for Home Mortgages

RCED-97-93 Published: May 01, 1997. Publicly Released: Jun 02, 1997.
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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.

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Economic analysisFederal aid for housingLending institutionsLoan defaultsLossesMortgage interest ratesMortgage loansMortgage programsMortgage protection insuranceMortgage-backed securities