Analysis of Multifamily Assigned Mortgages
CED-80-43
Published: Jan 16, 1980. Publicly Released: Jan 22, 1980.
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Highlights
In response to a Senate request, GAO obtained information on the amount of money and length of time involved in delinquencies on multifamily mortgages held by the Department of Housing and Urban Development (HUD). Mortgages under workout arrangements designed to bring them current and mortgages in the foreclosure process were also considered.
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Topics
Debt collectionForeclosuresGovernment collectionsInteragency relationsJudicial procedureLoan defaultsMortgage programsProperty depreciationTax sheltersMortgages