Ginnie Mae:
Greater Staffing Flexibility Needed to Improve Management
T-RCED-94-67: Published: Oct 29, 1993. Publicly Released: Oct 29, 1993.
Additional Materials:
- Full Report:
Contact:
GAO discussed the Government National Mortgage Association's (GNMA) staffing levels, focusing on GNMA: (1) management problems; (2) oversight of issuers; and (3) response to those management problems. GAO noted that: (1) GNMA has evolved from subsidizing interest rates for low- and moderate-income borrowers to attracting capital for government-insured and guaranteed homeowners loans; (2) GNMA guarantees payment of principle and interest to investors through mortgaged-backed government securities; (3) oversight weaknesses have prevented GNMA from quickly responding to market conditions that weaken some of its issuers and, as a result, GNMA has become the manager of mortgages acquired through issuers' defaults; (4) flaws in Federal Housing Administration and Department of Veterans Affairs' mortgage programs have contributed to issuers' defaults; (5) GNMA has taken steps to improve its oversight and minimize potential losses by developing a comprehensive management information system and performing regular issuer reviews; (6) staffing limitations have prevented GNMA from effectively monitoring its contractors and responding to changing market conditions; and (7) GNMA has requested additional staff to improve its oversight and manage the disposition of defaulted portfolios.
Dec 16, 2020
Lead Paint in Housing:
HUD Has Not Identified High-Risk Project-Based Rental Assistance PropertiesGAO-21-55: Published: Dec 16, 2020. Publicly Released: Dec 16, 2020.
Dec 15, 2020
-
Disaster Housing:
Improved Cost Data and Guidance Would Aid FEMA Activation DecisionsGAO-21-116: Published: Dec 15, 2020. Publicly Released: Dec 15, 2020.
Dec 8, 2020
-
Troubled Asset Relief Program:
Treasury Continues Winding Down Housing ProgramsGAO-21-39: Published: Dec 8, 2020. Publicly Released: Dec 8, 2020.
Aug 13, 2020
-
Homelessness:
Better HUD Oversight of Data Collection Could Improve Estimates of Homeless PopulationGAO-20-433: Published: Jul 14, 2020. Publicly Released: Aug 13, 2020.
Jul 29, 2020
-
Crumbling Foundations:
Extent of Homes with Defective Concrete Is Not Fully Known and Federal Options to Aid Homeowners Are LimitedGAO-20-649: Published: Jul 29, 2020. Publicly Released: Jul 29, 2020.
Jul 27, 2020
-
Housing:
Preliminary Analysis of Homeownership Trends for Nine CitiesGAO-20-544R: Published: Jun 25, 2020. Publicly Released: Jul 27, 2020.
Jun 26, 2020
-
Rental Housing:
As More Households Rent, the Poorest Face Affordability and Housing Quality ChallengesGAO-20-427: Published: May 27, 2020. Publicly Released: Jun 26, 2020.
Apr 30, 2020
-
Priority Open Recommendations:
Department of Housing and Urban DevelopmentGAO-20-500PR: Published: Apr 23, 2020. Publicly Released: Apr 30, 2020.
Mar 17, 2020
-
Working Capital Fund:
HUD Could Improve Management to Better Achieve Efficiencies and Help Ensure Customer SatisfactionGAO-20-263: Published: Mar 17, 2020. Publicly Released: Mar 17, 2020.
Mar 3, 2020
-
Military Housing:
Preliminary Recommendations to Strengthen DOD's Oversight and Monitoring of Privatized HousingGAO-20-471T: Published: Mar 3, 2020. Publicly Released: Mar 3, 2020.
Looking for more? Browse all our products here
Explore our Key Issues on Housing
Explore our other Key Issues here
