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Mortgage Financing: Level of Annual Premiums That Place a Ceiling on Distributions to FHA Policyholders

RCED-00-280R Published: Sep 08, 2000. Publicly Released: Sep 08, 2000.
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Highlights

Pursuant to a congressional request, GAO provided information on the: (1) number of borrowers insured by the Mutual Mortgage Insurance Fund who might have been eligible to receive dividends from their mortgage insurance if the Federal Housing Administration (FHA) had been required to pay distributive shares in FY 1999; and (2) amount of annual premiums these individuals paid.

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Budgetary reservesFinancial managementInsurance premiumsMortgage loansMortgage programsMortgagesMortgage insuranceHousingCommunity developmentEconomic development