Download or read book Mortgage Financing written by William B. Shear and published by DIANE Publishing. This book was released on 2006-03 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Dept. of Housing & Urban Dev't. (HUD), through its Fed. Housing Admin. (FHA), provides insurance for private lenders against losses on home mortgages. FHA's largest insurance program is the Mutual Mortgage Insurance Fund, which currently is self-financed & operates at a profit. FHA submitted a re-estimateÓ of $7 billion for the credit subsidy & interest for the Fund as of the end of FY 2003, reflecting a reduction in estimated profits. Given this substantial re-estimate, this report determines what factors contributed to the $7 billion re-estimate & the underlying loan performance variables influencing these factors. Also, assesses how the loan performance variables underlying the re-estimate could impact future estimates of new loans. Illus.

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Download or read book Gao 05 875 Mortgage Financing written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-01-29 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: GAO-05-875 Mortgage Financing: FHA's $7 Billion Reestimate Reflects Higher Claims and Changing Loan and Performance Estimates

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