GAO’s reports and testimonies give Congress, federal agencies, and the public timely, fact-based, non-partisan information that can improve government operations and save taxpayers billions of dollars.
Along with private mortgage providers, the Department of Housing and Urban Development's (HUD) Federal Housing Administration (FHA) has been impacted by technological advances that began in the mid-1990s and that have significantly affected the way the mortgage industry works.
Remittances are personal funds immigrants send to their home countries. The United States is the largest remittance-sending country in the world, with more than $36 billion remitted in 2003, according to the International Monetary Fund.
Pursuant to a congressional request, GAO reviewed the use of private contractors in the public housing industry, focusing on: (1) the basis for the Office of Management and Budget's (OMB) 1998 assertion that privatizing public housing management could save $200 million annually; (2) the basis for housing...