Download or read book MORTGAGE FINANCING Changes in the Performance of FHA Insured Loans written by and published by . This book was released on 2002 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Department of Housing and Urban Development (HUD), through its Federal Housing Administration (FHA), provides insurance for private lenders against losses on home mortgages. The insurance program is supported by the Mutual Mortgage Insurance Fund (Fund). To help place the Fund on a financially sound basis, the Congress enacted legislation in November 1990 that required the Secretary of HUD to, among other things, take steps to ensure that the Fund achieve and maintain an economic value of at least 2 percent of the Fund's insurance-in-force.1 In February 2001 we reported that a 2 percent capital ratio appeared sufficient to withstand moderately severe economic downturns that could lead to worse-than- expected loan performance.2 However, we cautioned against concluding that the Fund could withstand the specified economic scenarios regardless of the future activities of FHA or the market. Specifically, we noted that our estimates and those of others are valid only under a certain set of conditions, inclining that recently insured FHA loans respond to economic conditions similarly to the response of those insured in the more distant past. At the end of fiscal year 2001, loans originated in the most recent 4 fiscal years accounted for about 70 percent of FHA's portfolio. Concerned about reported increases in FHAs default and foreclosure rates, you asked that we assess the performance of loans made in recent years and the implications for the Fund of any worsening loan performance.
Download or read book Mortgage Financing written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-02-05 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mortgage Financing: Changes in the Performance of FHA-Insured Loans
Download or read book Mortgage Financing written by and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Describes how the early performance of FHA loans originated in recent years differs from the performance of loans originated earlier; and changes in FHA's program or the conventional mortgage market that could explain recent loan performance.
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.
Download or read book Mortgage Financing Financial Condition of FHA s Mutual Mortgage Insurance Fund written by Mathew J. Scire and published by DIANE Publishing. This book was released on 2011-04 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: FHA has helped millions of families purchase homes through its single-family mortgage insurance programs. FHA insures almost all of its single-family mortgages under the Fund, which is reviewed from both an actuarial and budgetary perspective each year. This statement discusses: (1) how estimates of the Fund¿s capital ratio have changed in recent years and the budgetary implications of changes in the Fund¿s financial condition; (2) how FHA and its actuarial review contractor evaluate the financial condition of the Fund; (3) the steps FHA has taken to improve the financial condition of the Fund; and (4) changes in the performance and characteristics of FHA-insured mortgages in recent years. Illustrations. This is a print on demand report.
Download or read book Mortgage Financing written by United States. General Accounting Office and published by . This book was released on 2002 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mortgage financing FHA s 7 billion reestimate reflects higher claims and changing loan performance estimates report to the Chairman Subcommittee on Housing and Community Opportunity Committee on Financial Services House of Representatives written by and published by DIANE Publishing. This book was released on with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Housing Administration Proposed Legislative Changes Would Affect Borrower Benefits and Risks to the Insurance Funds written by and published by DIANE Publishing. This book was released on with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mortgage Financing written by Thomas J. McCool and published by DIANE Publishing. This book was released on 2001 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to HUD, the economic value of the Mutual Mortgage Insur. Fund grew by about $5 billion in 1999, reaching its highest level in 20 years. This report: estimates the value of the Fund at the end of FY'99, given expected econ. conditions, & compares this est. to the est. of the value of the Fund reported by HUD; determines the extent to which a 2% capital ratio (CR) would allow the Fund to withstand worse-than-expected loan performance due to economic & other factors; & describes options for adjusting the size of the Fund if the estimated CR is different than the amt. needed, & describes the impact that these options might have on the FUND, FHA mortgagors, & the Fed. budget. Tables.
Download or read book Mortgage Financing written by United States. General Accounting Office and published by . This book was released on 2001 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mortgage Financing Seller Funded Down Payment Assistance Changes the Structure of the Purchase Transaction and Negatively Affects Loan Performance written by and published by DIANE Publishing. This book was released on 2007 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mortgage Financing Opportunities to Enhance Management and Oversight of FHA s Financial Condition written by and published by DIANE Publishing. This book was released on with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mortgage Financing Additional Action Needed to Manage Risks of FHA Insured Loans with Down Payment Assistance written by and published by DIANE Publishing. This book was released on 2005 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Legislative Proposals to Determine the Future Role of FHA RHS and GNMA in the Single and Multi family Mortgage Markets written by United States. Congress. House. Committee on Financial Services. Subcommittee on Insurance, Housing, and Community Opportunity and published by . This book was released on 2011 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book FHA written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Transportation and published by . This book was released on 2009 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book FHA Hospital Mortgage Insurance Program written by United States. General Accounting Office and published by . This book was released on 1996 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Housing Administration Modernization Proposals Would Have Program and budget Implications and Require Continued Improvements in Risk Management written by United States. Government Accountability Office and published by DIANE Publishing. This book was released on 2007 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
