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GAO Reports by subject "Homeowners loans"

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Date Report No. Title
Date May 13, 1985 Report No. RCED-85-4 Title

Housing: Stronger Internal Controls Over HUD Single-Family Mortgage Insurance Programs Would Discourage Fraud

REPORT THEUS. BY General Accounting Office Stronger Internal Controls Over HUD SingleFamily Mortgage Insurance Programs Would Discourage Fraud fhis report examines the circumstances that allowed real estate speculators in Camden, New ersey, to defraud the federal government by information submitted to private jlalsifying enders in obtaining HUD insured loans. GAO elieves that HUD’s procedures co...
Date April 15, 1985 Report No. 126709 Title

Housing: Opportunities To Reduce Costs and Improve Targeting in the Farmers Home Administration Section 502 Housing Loan Program

UNITED STATES GENERALACCOUNTING OFFICE WASHINGTON, D.C. 20548 FOR DELIVERY AT 3:00 P.M. EST MONDAY,APRIL 15, 126709 1985 STATEMENT OF JOHN H. LUKE, ASSOCIATEDIRECTOR HOUSINGAND COMMUNITY DEVELOPMENT PROGRAMS RESOURCES, COMMUNITY,AND ECONOMIC DEVELOPMENT DIVISION BEFORETHE SUBCOMMITTEE HOUSINGAND URBANAFFAIRS ON OF THE COMMITTEE BANKING, HOUSINGAND URBANAFFAIRS ON UNITED STATES SENATE ON OPPORTUNIT...
Date Sept. 13, 1983 Report No. 122339 Title

Housing: The First Time Homebuyer Assistance Act of 1983

. s \ UNITED STATES GENERALACCOUNTING OFFICE W A S H INGTON,D.C. 20548 FOR RELEASEON DELIVERY EXPECTEDA T lo:30 A.M. EDST TUESDAY, S E P T E M B E R 13, 1983 ~lllll~l~ II 122339 STATEMENT OF J. DEXTER PEACH, DIRECTOR RESOURCES, O M M U N ITY,AND ECONOMIC C DEVELOPMENT DIVISION BEFORETHE C O M M ITTEEON F INANCE UNITED STATES SENATE ON THE F IRST T IME HOMEBUYER ASSISTANCE ACT OF 1983 M r. Chairman...
Date June 10, 1983 Report No. AFMD-83-66 Title

Financial Management: Review of the Federal Housing Administration Fund's Financial Statements for the Year Ended September 30, 1981

* liwad BY THECOMPTROLLER GENERAL Report ToThe Congress OF THEUNITED STATES Review of the Federal Housing Administration Fund’s Financial Statements For The Year Ended September 30,198l GAO’s review of the financial statements of the Federal Housing Administration Fund for the year ended September 30, 1981, resulted in significant accounting and financial reporting policy changes. Because of t...
Date March 12, 1982 Report No. 117802 Title

Financial Management: Improving the Collection of Debts Owed the Government

** +,,, EUR UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 FOR RELEASE ON DELIVERY EXPECTED BY 11:30 EST FRIDAY, MARCH 12, 1982 STATEMENT OF WILSBUR D. CAMPBELL ACTING DIRECTOR ACCOUNTING AND FINANCIAL MANAGEMENT DIVISION BEFORE THE HOUSE BUDGET COMMITTEE ON ',,,,,,,,,,,,,~MPROVING COLLECTION OF DEBTS THE OWED THE GOVERNMENT Mr. Chairman and Members of the your their interest effor...
Date Dec. 7, 1981 Report No. AFMD-82-14 Title

Financial Management: Defaulted Title I Home Improvement Loans--Highly Vulnerable to Fraud, Waste, and Abuse

~\i”T---I!!! COMPTROLLER GENERAL v - Report ToCharles H,Percy, United States Senate OFTHE UNITEDSTATES Defaulted Title I Home Improvement Loans -HighlyVulnerablIeTo Fraud, Waste, And Abuse’ Millions of dollars in defaulted home improvement loans that could be collected are written off annually by the Department of Housing and Urban Development (HUD). By eliminating wasteful management practice...
Date Sept. 17, 1981 Report No. GGD-81-91 Title

Financial Institutions: Formal Supervisory Process for Savings and Loan Associations Should Be Strengthened

*I c b 7;’ (‘““’ ,, m,, , I’ ‘il, ,, ~ ““‘I “‘8 (: -,,,,,” “’ 4 . ‘i75 BYHE U.S.GENERALACCOUNTING OFFICE Report To The Chairman Of The Federal Home Loan Bank Board Formal Supervisory Process For Savings And Loan Associations Should Be Strengthened Supervisory agreements and cease and desist orders are two formal enforcement tools used by the Federal Home Loan Bank B...
Date July 2, 1981 Report No. CED-81-53 Title

Housing: New Mortgages for Financing Homes Need Uniform and Comprehensive Consumer Safeguards

Report To The Congress OF THE UNITED STATES New Mortgages For Financing Homes Need Uniform And Comprehensive Consumer Safeguards Federal financial regulatory agencies have authorized new mortgage instruments for singlefamily homes which have inconsistent consumer safeguards. Consumers are not assured of receiving adequate information for making decisions in selecting the mortgage which best meets ...
Date June 9, 1981 Report No. CED-81-108 Title

Housing: HUD Should Strengthen Mortgagee Monitoring To Reduce Losses

116763 !’ ~- ~ Request for copies of GAO reports should be sent to: U.S. General Accounting Office Document Handling an’d Information Services Fa’cility P.O. Box 6015 Gaithersburg, Md. 20760 Telephone (202) 275-6241 The first five copies of individual reports are free of charge. Additional copies of bound Additional a#udit reports are $3.25 each. copies of unbo’und report (i.e., letter rep...
Date March 5, 1981 Report No. PAD-81-62 Title

Housing: Influence of Speculation on the Price of Converted Condominium Units

UNITEDSTATES GENERAL ACCOUNTIN-l/4‘? OFFICE WASHINGTON, D.C. 20548 ’ FnoaRAM AMALYBIS OlVlmK))( B-202311 The Honorable Benjamin S. Rosenthal Chairman, Subcommittee on Commerce, Consumer and Monetary Affairs Committee on Government Operations House of Representatives Dear Mr. Chairmanr March 5, 1981 Illllllllllll IIll 114631 on the Price Units (PAD-81-62) 3 This report addresses your concerns r...
Date Feb. 9, 1981 Report No. CED-81-44 Title

Housing: HUD's Payment of Distributive Shares From the Mutual Mortgage Insurance Fund

COMPTROLLER GENERAL WASHINGTON OF D.C. THE UNITED 20548 STATES B-201669 FEBRUARY 9,198l The Honorable Samuel R. Pierce, Secretary of Housing and Urban Development Dear Mr. Secretary: Jr. II llll IlIllll I 114275 Shares from the t-HUD's Payment of Distributive Mutual Mortgage Insurance Fund (CED-81-44) -1 This report reviews the manner in which the Department of Housing and Urban Development (HUD) ...
Date April 9, 1980 Report No. PAD-80-32 Title

Budget and Spending: Legislative Change Needed To Improve Budget Treatment of Certificates of Beneficial Ownership

B-114873 APRIL 9,198O The Honorable Robert N. Giaimo Chairman, Committee on the Budget House of Representatives Dear Mr. Chairman: . Change Needed To Improve l- Legislative Budget Treatment of Certificates of . Beneficial Ownershipy(E 'AD-80-32) w We have completed a report to the Budget Process Task Force, House Committee on the Budget, entitled "Federal Budget A Growing Problem" (PAD-79-20, Febr...
Date March 28, 1980 Report No. CED-80-74 Title

Housing: Better Cash Management Needed in HUD's Section 312 Housing Rehabilitation Loan Program

RELEASED 1' / Report To The Honorable Bob Traxler House Of Representatives Better Cash Management Needed In HUD’sSection 3 12 Housing Rehabilitation Loan Program The Department of Housing and Urban Development’s Section 312 Rehabilitation Program offers homeowners loans at only 3 percent interest. Department procedures require local housing agencies to deposit Federal loan funds in escrow acco...
Date March 28, 1980 Report No. CED-80-1 Title

Housing: Ways of Providing a Fairer Share of Federal Housing Support to Rural Areas

BY THECOMPTROLLERGENERAL Report To The Congress OF THEUNITEDSTATES ’ Ways Of Providing A Fairer 1 Share Of Federal Housing Support To Rural Areas Many rural American families still live in substandard conditions, although progress has been made over the last 30 years in alleviating housing shortages and improving conditions. Rural housing problems today are most acute in remote areas, among the ...
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 March 21, 1978 Report No. CED-78-71 Title

Housing: Condominium Homeownership Opportunities Could Be Increased

DOCUONIT RESUME 05418 - [B0825760] Condominium Homeownership Opportunities Could Be Increased. CED-78-71; B-114860. March 21, 1978. 14 pp. + 4 appendices (5 pp-). Report to the Congress; by EBler B. Staats, Comptroller General. Issue area: Doaestic Housing and Community Development: Fedral Credit Incentives to Stimulate Housing (21041. Contact: Ccamunity and Economic Development Div. Budget Functi...
Date Oct. 7, 1977 Report No. CED-77-134 Title

Housing: Collection of Credit Report Fees by the Farmers Home Administration

DCCUMENT fESUME 03761 B2854106] rCollaction of Credit Report Fees by the Farmers Home Administration]. CED-77-134; B-114860. October 7, 1977. 6 pp. Report to Secretary, Departrent of Agriculture; by Baltas F. Birkle (for Henry Eschwege, Directcr, Community and Economic Development Div.). Issue Area; Domestic Housing and Community Development: Minimizing Mortga'ge Insurance Losses 2108). Contact: C...
Date March 8, 1977 Report No. CED-77-28 Title

Financial Institutions: Government National Mortgage Association's Secondary Mortgage Market Activities

DOCUMENT RESUME 00552 - [A0891628] Government National ortgage Association's Secondary Mortgage Market Activities. CED-77-28. March d, 19'7. 56 pF. Staff study by Henry Eschwege, Director, Community and Economic Development Div. Issue Area: Domestic Housing and Community Development: Federal credit Incentives to Stimulate Housing (2104). Contact: Community and Economic Development Div. 3udget Func...
Date July 26, 1976 Report No. 098231 Title

Energy: Energy Conservation Financing

. . United States General Accounting 20548 Washington, D.C. -“- $ Off FOR RELEASE ON DELIVERY Expected at 10:00 a.m. EDT Monday, July 26, 1976 Statement of Monte Canfield, Jr. Director, Energy and Minerals Division Before the Subcommittee on Economic Stabilization Committee on Banking, Currency and Housing United States House of Representatives on Energy Conservation Financing and Members of the...
Date Jan. 22, 1976 Report No. RED-76-61 Title

Housing: Allegations Regarding Self-Help Housing Projects Discouraged by the Farmers Home Administration in Lowndes County, Alabama

. * ,RElEASED s WASHINGTON. D.C. ZOSrla JAN 2 2 ‘1976. B-114873 The Honorable iee Metcalf, Chairman Subcommittee on Reports, Accounting, and Management 4 A Committee on Government Operations I"L, ,United States Senate Dear Mr. Chairman: In response to your April 28, 1975, request and later discussions with your office, we investigated the allegation that the Farmers Home ,~ Gr,]++Administration ...
Date May 6, 1975 Report No. RED-75-347 Title

Financial Institutions: Information on the Secondary Mortgage Market Activities of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation

R E D -75-347 p’; jy{ r3,P975 COMPTROLLER GENERAL WASHINGTON,b.C. OF THE UNITED 20548 STATES H-114828 l i, r/ The Honorable William Proxmire Chairman, Committee on Banking, Housing, and Urban Affairs United States Senate Dear Mr. Chairman: ‘-0 \ By letter of July 26, 1974, Senator John Sparkman, then 2 Chairman of the Senate Committee on Banking, Housing, and and Senator John Tower, Ranking Mi...
Date March 19, 1975 Report No. RED-75-340 Title

Housing: Weaknesses in Administration of the Program To Correct Defects in Housing Insured Under the Section 235 Program

REPORT TO THE CQNGRESS -:-- 970 0 fy 111111111111 llllllllllllIll IllIIIIIIIIIlI LM097084 Weaknesses In Administration Of The Program To Correct Defects In Housing Insured Under The Section 235 Program Department of Housing and Urban Development BYTHECOMPTROLLERGENERAL OFTHE UNITED STATES RED-75-340 MARCH19J975 . COMPTROLLER GENERAL WASHINGTON, OF D.C. THE UNITED STATES 20548 B-114860 cI /I / To t...
Date Dec. 4, 1972 Report No. 094514 Title

Housing: Opportunities To Improve Effectiveness and Reduce Costs of Housing Subsidy Programs Administered by Federal Housing Administration and Farmers Home Administration

# - d’“. P4 FOR RELEASE ON DELIVERY EXPECTED AT 1O:OO A.M. ES? MONDAY, DECEMBER4, 1972 UNITED STATES GENERAL ACCO!JNTING OFF:ICE tJASHuK?iYlN, D.C. 20548 STPTEMEr:-r OF ELMER B. STAATS, COMPTRkLER GENERAL OF THE UNITED STATES BEFORE THE SUBCOMMITTEEON PRICRITIES AND ECONOiSY GOVERNMENT IN OF THE JOINT ECONOMiC COMMITTEE CONGRESSOF THE UNITED STATES ON OPPORTUNITIES TO IMPROVE EFFECTIVENESS AND...
Date March 17, 1972 Report No. 092408 Title

Housing: HUD Needs To Establish Guidelines for Shorter Rehabilitation Loan Repayment Periods

Dear Mr. Hyde: Our survey of rehabilitation loan activities carried out under section 31.2 of the Housing Act of 1964, as amended, has shown that the Department of Housing and Urban Development (HUD) generally makes such loans for the maximum 20-year period allowable to borrowers who apparently coilld repay their loans over considerably shorter periods. Fle believe tilt there is a need for HUD to ...