AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Close
Create a link to this page
Copy and paste this link tag into your Web page or blog:
<a href="http://www.accessmylibrary.com/coms2/summary_0286-30252218_ITM" title="Facts and information about ...But GAO Sees Better Risk Profile.(General Accountability Office)(government programs discontinued)(Brief article)">...But GAO Sees Better Risk Profile.(General Accountability Office)(government programs discontinued)(Brief article)</a>
Close
Set up an RSS feed that alerts you when new articles from Mortgage Servicing News are available.
Frequently asked questions about RSS feeds
...But GAO Sees Better Risk Profile.(General Accountability Office)(government programs discontinued)(Brief article)
WASHINGTON -- After 13 years, the General Accountability Office has finally removed the Federal Housing Administration single-family insurance program for its list of "high risk" government programs, citing the FHA's improved oversight of lenders and appraisers.
The congressional watchdog agency also removed the Department of Housing and Urban Development's rental housing assistance programs from its high-risk list. This marks the first time since 1994 that a HUD program is not on the list that GAO auditors update every year.
HUD deputy secretary Roy Bernardi said the department had to make substantial improvements to get off the list.
In the single-family area, he noted the FHA revised the post-endorsement technical ...
Related articles from newspapers, magazines, journals, and more
For more facts and information, see all results
- GAO Pressuring FHA to Be Tougher on Lenders.(Government Accountability...
- Magazine article from: Origination News December 1, 2004 700+ words
...Auditors with the Government Accountability Office, a congressional watchdog agency, discovered that the four FHA homeownership centers (HOCs...underwrite the majority of FHA-insured single-family loans...endorsement lenders from making FHA loans. The Denver HOC threatened...
- Frank, Bachus seek GAO investigation of foreclosures.(Briefing Book)(Government...
- Magazine article from: Mortgage Banking June 1, 2007 700+ words
...Services Committee have jointly requested that the Government Accountability Office (GAO) conduct an investigation into the recent increase...and lender forbearance, and what role, if any, can the FHA and the housing GSEs play in refinancing failing loans and...
- FHA Bill Moves on Dual Paths.
- News wire article from: The America's Intelligence Wire June 26, 2006 700+ words
...It is time that FHA became an income...HUD and General Accountability Office reports raise questions about FHA's capacity to...asked the General Accountability Office to conduct a study...administration's FHA reforms and to...
- Putting FHA back on track.(Washington)
- Magazine article from: Mortgage Banking Pfotenhauer, Kurt June 1, 2005 700+ words
...quarter of 2005. Somehow, FHA is on the road to oblivion...various entities that watch over FHA: HUD's Inspector General...Budget (OMB), the Government Accountability Office (GAO), even the U.S...these players do a study on FHA, they end up focused not on...
- FHA Expects a Big Year.(Federal Housing Administration)
- Magazine article from: Origination News Collins, Brian April 1, 2009 700+ words
...particularly as lenders are using FHA to modify and refinance nonprime...keep a closer watch on the FHA single-family program. The...also instructed the Government Accountability Office to determine whether the inspector...has enough resources to audit FHA's "expanded role" in refinancing...
- FHA Bill Gives Tools to Regain Share.
- News wire article from: The America's Intelligence Wire August 7, 2006 700+ words
...based pricing will allow FHA to reduce its premiums for...increased financial risk to the FHA [insurance fund], as...have asked the General Accountability Office to conduct a study of the administration's FHA reform proposals and to...
- GAO Worries About FHA.
- Magazine article from: National Mortgage News Collins, Brian October 10, 2005 700+ words
...performance. The Government Accountability Office reported that that the Federal...prepayments. As result, the FHA regularly re-estimates its...long-term viability" of the FHA insurance fund, according...the upward direction of the FHA's re-estimates are matters...
- HUD & GAO Argue Over FHA Policy.
- Magazine article from: National Mortgage News Collins, Brian July 9, 2007 700+ words
...to Congress, the Government Accountability Office warns that introducing zero...secretary Brian Montgomery said the FHA is well prepared to offer a...pilot program would limit the FHA's ability to help subprime...Congress is currently considering FHA modernization legislation that...
- Congress Increases FHA Authority By $130B.(News)
- Magazine article from: National Mortgage News March 16, 2009 700+ words
...particularly as lenders are using FHA to modify and refinance nonprime...keep a closer watch on the FHA single-family program. The...also instructed the Government Accountability Office to determine whether the inspector...has enough resources to audit FHA's "expanded role" in refinancing...
- Opposition Emerges to FHA Bill.
- Magazine article from: National Mortgage News July 24, 2006 700+ words
...to delay any action on the FHA reforms until a congressional...completes an analysis of the FHA reforms. "In view of the...acted upon before the General Accountability Office study is completed and the...study the administration's FHA reforms and to recommend the...
Source: HighBeam Research, ...But GAO Sees Better Risk Profile.(General Accountability...