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GAO Reports by subject "Loan defaults"

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Date Report No. Title
Date Nov. 1, 1979 Report No. HRD-80-16 Title

Income Security: Decision To Close the Sacramento Loan Guaranty Office and Planned Study of Other Loan Guaranty Operations

nuuaN nwuIK”;Lo DIVISION NOVEMBER I, 1979 B-114859 The Honorable Robert T. Matsui House of Representatives Dear Mr. Matsui: " Ill \I# lllllllllll 110984 &e&erans Am Decision to Close the Sacramento Loan Guaranty Office and Planned St dy of Other Loan Guaranty Operations (HRD-80-16) 4 requested that we review the Your June 7, 1979, letter Veterans Administration's (VA's) decision to close the loa...
Date Sept. 11, 1979 Report No. 094340 Title

Financial Management: New Approach to the Public Debt Legislation

Date Aug. 27, 1979 Report No. PAD-79-82 Title

Budget and Spending: Various Means of Financing a Hypothetical Loan of $1 Billion to the Chrysler Corporation

4. .8. COMPTROLLER GENERAL WASHINGTON. OF D.C. THE UNITED 20548 S-I-AYES B-195849 August 27, 1979 The Honorable Chairman, Finan& Henry S. Reuss Committee on Bankinlg, and Urban Affairs _ letter, This is in response to your letter of August 20, 1979, in which you posed ce&tain questions about the risk exposure and budget impact ofkarious means of financin a hypothetical loan of $1 billion to the Ch...
Date Aug. 16, 1979 Report No. FGMSD-79-41 Title

Financial Management: Weaknesses in Servicing and Accounting for Home Mortgages Held by HUD

* BY THECOMPTR(-J I FR &N&$L r l4&4wblm&! LMI 10148 llllllllllllllllllllllllllllllllll Congress OFTHEUNITEDSTATES Weaknesses In Servicing And Accounting For Home ages Held By HUD The Department of Housing and Urban Development services and accounts for mortgages valued at over $151 million. These mortgages were either bought from commercial lenders to prevent foreclosure on defaulted mortgagors ex...
Date July 11, 1979 Report No. LCD-79-320 Title

Financial Management: General Services Administration's Debt Management Problems With Its Participation Certificates

REPORTBY THE ** ’ r General OF THE UNITEDSTATES ervices Administration’s nagement Problems With Its Participation Certificates The General Services Admlnlstratlon obtalned $697 1 million through the sale of Its 30 year partlclpatlon certlflcates, Issued under four trust Indentures It has experienced problems complylng with the terms of the Indentures relating to (1) the use of market purchases...
Date June 27, 1979 Report No. HRD-79-64 Title

Hospital Loan Assistance Programs: Actions Needed To Reduce Anticipated Defaults

By THE CO M Pi ROLLER G f N ER/C IIIIII~~II~III~~~~~~ ‘IIIIIIIII llIlllllllIll LM109743 I EDSTATES Many hospitals with federally assisted loans have been experiencing serious financial problems that could lead to defaults, closures of modern hospitals, and substantial losses to the Government. The Department of Health, Education, and Welfare needs to --make comprehensive risk assessments to iden...
Date March 16, 1979 Report No. CED-79-24 Title

Agriculture and Food: Questionable Payments and Loan Defaults in Sugar Programs

BY THE COMPTROLLER G&iRN OF THEUNITEDSTATES qq@ ’ Report To The Congress Questionable Payments And Loan Defaults In Sugar Programs The Department of Agriculture’s sugar pricesupport payment program on 1977 crop year sugar has resulted in questionable payments ...2.+,’ of millions of dollars. Agriculture’s loan program for 1977 crop year sugar is beset with problems of storage, underpayment...
Date March 14, 1979 Report No. FGMSD-79-14 Title

Financial Management: Action Being Taken To Correct Weaknesses in the Rehabilitation Loan Program

REPORTBY THE U.S. General Accounting Office Action Being Taken To Correct Weaknesses In The Rehabilitation Loan Program The Department of Housing and Urban Development services and accounts for defaulted rehabilitation loans valued at over $53 million. In fiscal 1977 over $2 mill ion, or about 53 percent of the total amount due on the loans during the year, was not collected. This situation result...
Date March 8, 1979 Report No. B-164031(1).136 Title

Education: [Default Rates on Federal Student Loans]

COMPTROLLER GENERAL OF THE UNITED STATES WASHINGTON, D.C. 20548 B-164031(I) HR9-OTH-93 .136 March 8, 1979 Mr. J. Fred Bucy, President Tlexas Instruments Ii corporatpd P.O. Box 5474 Dallas, Texas 75222 Dear Fred: -ade CA/6; 05/t. Your letter of February 5, 1979, discussing~L.gifa ju on Federal student loa~nspertains to a problem that is receiving a getat deal of tenion Congress and the Department o...
Date Feb. 27, 1979 Report No. 108719 Title

Financial Management: Claimed Default on General Services Administration's Participation Certificates, Series A Through E

STMZENT OF L-oGISTiCS .wTJ co!.2mNIc.frTIocs . DIVISIOl! SlJX~*WJTTZ ON PUZLIC SUILDI3GS AHD GROl.TqDS CmmTT@E ON ?LMaIC WORKS X?D TF$..:SPORTA.TION ON ill ll l~l~~lllll 108719 c THIS OP?ORTU%ITYTO DISCUSS TKE 3Z3TS StE3OUit3ZiG TZ CL&M!!3 DZSULT CZZTI3iCATES. -75 OIY GZ3ZX4L SZNICES P3i%NISTRATIONrS S+m.-ti A-E PAXXCI'P~ION TZS2 30-VZAEl CERTIFICP~ES WERE ISSUED UNDER T3 ?URCP,rSE COiiTX4CT "=IIC...
Date Jan. 5, 1979 Report No. FGMSD-78-62 Title

Financial Management: Legislation Needed To Establish Specific Loan Guarantee Limits for the Economic Development Administration

Comptroller General OF THE UNITED STATES Legislation Needed To Establish Specific Loan Guarantee Limits For The Economic Development Administration The Economic Development Administration’s business loan guarantee program has operated for many years without specific statutory monetary limitations. The fiscal year 1979 Appropriations Act, however, limits the amount of obligations for business loa...
Date Dec. 18, 1978 Report No. 107962 Title

Government Operations: Improving Government Collection of Amounts Owed by the Public

DOCMEINT REBSUE 07962 - (C35386351 lmproving Government Collection of Amounts Owed by the fui-lic. December 18, 1978. 19 pp. + enclosure (3 pp.). Testimony before the Senate Comittee on Finance: Taxaticn and Debt Management Generally Subcommittee; hy Bluer B. Staats, Comptroller General. Contact: Office of the Comptroller Genera., Orqanization Concerned: Department of the Treasury; Veterans Adsini...
Date Dec. 18, 1978 Report No. 094687 Title

Tax Policy and Administration: Improving Government Collection of Amounts Owed by the Public

uyj4cm’. f 09ycr -1 UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 FOR RELEASE ON DE&VERY EXPECTED BY 9:30 EST MONDAY, DECEMBER 18, 1978 STATEMENT OF ELMER B. STAATS COMPTROLLER GENERAL OF THE UNITED STATES BEFORE THE SUBCOMMITTEE ON TAXATION AND DEBT MANAGEMENT GENERALLY OF THE SENATE FINANCE COMMITTEE ON IMPROVING GOVERNMENT COLLECTION OF AMOUNTS OWED BY THE PUBLIC Mr. Chairman...
Date Sept. 8, 1978 Report No. HRD-78-165 Title

Education: Financial Statements of the Student Loan Insurance Fund

. ,I The ilonorable The Seer tary of Health., d cd 22 IE a z 1 Czar Xr. Secrcrary: ?.ddcaticn, The Conycroller General is required bv the Higher Educ-t-f-n - 0-L Act of 1965, as amhded, to examine aiinually t:-,e financial statcc.ents of the Student Loan Insurance Fund. The Fu?k;d is used to finance Federal insurance and reinsurante of loans made under the Guaranteed Student Loan ?roTram Specifica...
Date May 16, 1978 Report No. 105933 Title

Education: The Veterans Administration Education Loan Program

DOCUHEIT RESUME 05933 - [B1386415] The Veterans 1978. 19 pp. dministration Education Loan Program. ay 16, Testimony before the Hcuse Committee on Veterans' Affairs: Education and Training Subcommittee; by Gregory J. Ahart, DiLector, Human Resources Div. Contact: Human Resources Div. Organization Concerned: Veterans Administration. Congressional Relevance: House Committee on Veterans' Affairs: Educ...
Date May 15, 1978 Report No. FGMSD-78-34 Title

Financial Management: Need To Improve Servicing of Direct Loans Under the Business Development Assistance Program

DOCUPINT RSOUE 05958 - [B13663681 Need To Improve Servicirg of Direct Loans under the Business Development Assistance VEuogram. FGSD-78-34; B-189572. ay 15, 1978. 3 pp. * 2 appendices (11 pp,). Report to Robert T. Hall, Department of Commerce: Assistant Secretary for Econonmi: Development; by D, L. Scantlebury, Director, Financial and General anagement Studies Div. Issue Area: AccouDting and inanc...
Date April 25, 1978 Report No. ID-78-23 Title

International Affairs: A Summary of Lending by International Financing Institutions to Selected Coffee-Growing Developing Countries

REPORT BY THE Comptroller General OF THE UNITED STATES A Summary Of Lending By International Financing Institutions To Selected Coffee-Growing Developing Countries This report summarizes GAO's responses to questions raised by the Chairman, Subcommittee on Domestic Marketing, Consumer Relations and Nutrition, House Committee on Agriculture, on loans and assistance to coffee-producing countries by i...
Date April 6, 1978 Report No. CED-78-89 Title

Housing: HUD and EDA Public Facility Loans to the Rend Lake Conservancy District

UNITED STEES GEN~F~AL ACCOUNTING Omc;z WASt-iINGTON. RzsTmcwsD-; CCMMUNIW 0KvELom4eN-r AND ECCMCHIC oIvIsIOH D.C. 2054t #et to be ideaml euts?de tlro Oomuwl ~#B#WW~’ Aeieumt‘ng Offlct encapt on the badr of rpocifb by the Offioo of Congrerriorul Rehtknr. B-153449 c The Honorable Charles H. Percy -- .----------The Honorable-Ad-l-a&-Stevenson United States Senate The Honorable Paul Simon House of...
Date Jan. 3, 1978 Report No. ID-78-9 Title

Financial Management: Opinion on Eximbank's FY 1977 Financial Statements

QENERAL RECISION OF THE UNITED O.C. STATES 20548 WASHINGTON, 6-O llllllllllllllllllllllllllllllllllllllllllllllllll FILE: MATTER B-181903 OF: - LM107120 9TE: Nut’ 5 1375 Maurice C. Horn - Multiple-Person Travel Voucher DIGEST: 1. Expenses incurred by international visitors and paid for by contract escort are not reimbursable on voucher form SF 1012 since each traveler is required to sign voucher...
Date April 15, 1977 Report No. HRD-77-80 Title

Education: Study of Guaranteed Student Loan Bankruptcy

.’ . -I.f STUDENTILOAN BANKRUPTCY- & .3% /,
Date March 11, 1977 Report No. CED-77-43 Title

Housing: Use of FHA Financed Rural Rental Housing for Commercial Office Space

I . . . . I USE OF FARMERS HOME ADMINISTRATION FINANCED RURAL RENTAL HOUSING FOR COMMERCIAL OFFICE SPACE. DEPARTMENT OF AGRICULTURE CED-77-43 3-11-77 Report contained to Congressman information buildings Les Aspin pursuant of loan to his agreements for request. The repqrt on violations in Mazomanie, income. by the owners of citizens and two apartment families Wisconsin senior of low and moderate ....
Date Nov. 5, 1976 Report No. HRD-77-17 Title

Education: Report to the Secretary, HEW, on the National Direct Student Loan Delinquency Rate

UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON. D.C. 20548 nUMAN OURC B-164031(1) The Honorable The Secretary of Health, Education, and Welfare Dear Mr. Secretary: NOV 51976 We are currently surveying the Office of Education's National Direct Student Loan (NDSL) program, authorized by pFrt E of title IV of the Higher Education Act of 1965, as This program provides for the establishment of amen...
Date April 16, 1976 Report No. FOD-76-7 Title

Financial Management: Need for Improvement in Small Business Administration's Financial Management

APR 197 20 BY THE COMPTROLLER Gmi!??f!ER%E OF THE UNITED STATES’ LM099371 i I . 1 llllllllllllllIllllllllllllIIIIIllll Need For Improvement In Small -Bu.sine& Administhtion’s . Financial Management This report examines the agency’s financial management policies, procedures, and practices and the ability of the agency’s accounting system to provide financial information responsive to manage...
Date Feb. 12, 1975 Report No. FOD-75-8 Title

Financial Management: Examination of Financial Statements of Student Loan Insurance Fund, Fiscal Year 1974

Examination Of Financial Statements Of Student Loan Insurance Fund Fiscal Year 1974 Office and of Education of Health, Education, Welfare Department BY THE COMPTROLLER GENERAL OF THE UNITED STATES FOD-75-8 COMPTROLLER GENERAL WASHINGTON. OF THE UNITED DC. 20538 STATES B- 164031(l) I, i To the Speaker President of the of the House of Senate and the Representatives our examination of the Student of ...
Date Dec. 24, 1974 Report No. RED-75-314 Title

Housing: Review of the Farmers Home Administration's Practices Concerning Credit Reports for Mortgage Loans and Agricultural Loans

. RELEASED The korable United States WiJliem Senate Promir-2 Dear Senator Prmx8S M: Your letter of August 23, ?974, requested that we (l)[revieti the Farmers Ebn~ Administration's (MA) practfces concerning credit reyorts fur mortgage (housing) loans and agricuitura? (farm operatlrg 5 1asnsJ (2) determfne whether there were dffferences in the rates of default bets;ee;i these types of loans, and (3)...
Date Jan. 31, 1974 Report No. B-177486 Title

Government Operations: Allegations Concerning Administration of the Farm Labor Housing Program in Palm Beach County, Florida

WA8HINOTON. l3.C. WWJ RELEASED B-177486 JAN9 1 1974 5 c-: i.. The Honorable William D. Ford, Chairman Subcommittee on Agricultural Labor ;, * Committee on Education and Labor House of Representatives Dear Mr. Chairman: Your letter of May 3, 1973, requested that we investigate and J report on-sllegations’made by the Florida Rural Legal Services, 1, Incorporated, and the American Friends Service C...
Date Aug. 30, 1972 Report No. 093293 Title

Government Operations: Need for Information on Defaulted Leases Guaranteed by the Small Business Administration

UNITED STATES GENERALACCOUNTING WASHINGTON, D C 20548 OFFICE GENERAL GOVERNMENT DIVISION Dear Mr. Eachon, The General Accounting Office has examined into the Small Business Admlnlstratlon's (SBA) lease guarantee program which was established to assist small businesses to secure leases for prime Industrial, business or commercial space Under the enabling legislation, SBA 1s required to establish a ...
Date Jan. 21, 1972 Report No. B-117604(13) Title

Government Operations: Debt Collection Operations and Regulations of the Federal Housing Administration, Department of Housing and Urban Development

GUBNIS DlWlSlOM IN REPLY PLEASE W O E U T B-117604(13) Dear Mr. Gulledge: During fiscal year 1971 we reviewed debt collect,ion operations and regulations pertaining to tiSle'-I-'aebts at the 8 central office o f the Federal Housing Administration (FHA) fl Department of Housing aSCr5a%-De%e-ropmeht (HIID-]9 Washington 9q .C., and at the Insuring Office in Hempstead, New York, whichf4/7/@ was then i...
Date Dec. 30, 1971 Report No. B-117604(7) Title

Education: Office of Education Should Improve Procedures To Recover Defaulted Loans Under the Guaranteed Student Loan Program

Offtce of Educatron Departmentof Health, Education, and Welfare BY THE COMPTROLLER GENERAL OF THE UN1 STATES COMPTROLLER GENERAL WASHINGTON OF DC THE UNITED STATES 20548 B-117604(7) L To the President of the Senate and the Speaker of the House of Repre sentatlve s 1 v This IS our report entltled “Office of Education Should Improve Procedures to Recover Defaulted Loans Under the Guaranteed Studen...
Date Feb. 25, 1971 Report No. 089335 Title

Budget and Spending: Need To Evaluate Collectability of Outstanding Loans

UNITED STATES GENERAL ACCOUNTING OFFICE f.-~~~ ~ ,~ LM089335 WASHINGTON, D.C. CIVIL DIVISION 20548 FEB 25 1971 Dear Mr. Smith: The General Accounting Office has reviewed the practices followed by the Farmers Home Administration (FHA) in establishing and accounting for allowances for losses on uncollectible loans-for FHA's various loan programs. In a report issued to the Congress on improvements ne...