Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Mortgage loans
Languages : en
Pages : 36

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Book Description

Author: United States Accounting Office (GAO)
Publisher: Createspace Independent Publishing Platform
ISBN: 9781722046699
Category :
Languages : en
Pages : 30

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Book Description
Weaknesses in Servicing and Accounting for Home Mortgages Held by HUD

Author: U S Government Accountability Office (G
Publisher: BiblioGov
ISBN: 9781289038595
Category :
Languages : en
Pages : 34

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Book Description
The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports.

Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Mortgage guarantee insurance
Languages : en
Pages : 20

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Book Description

Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. HUD/MOD Rehab Investigation Subcommittee
Publisher:
ISBN:
Category : Political corruption
Languages : en
Pages : 1582

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Book Description

Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Urban Affairs
Publisher:
ISBN:
Category : Housing policy
Languages : en
Pages : 88

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Book Description

Author: U S Government Accountability Office (G
Publisher: BiblioGov
ISBN: 9781289103507
Category :
Languages : en
Pages : 24

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Book Description
GAO was asked to perform a followup review to a prior report on loan servicing and accounting problems in the Department of Housing and Urban Development (HUD) multifamily mortgage programs. The earlier report concluded that the failure of HUD to produce adequate delinquency data and aggressively collect amounts owed on defaulted multifamily mortgages contributed significantly to the over $500 million owed HUD in delinquent loan payments. In that report, HUD agreed with the GAO recommendations and promised to improve its accounting system and to better manage its debt collection efforts. GAO found that most corrective actions promised by HUD had not been completed. HUD reported that its nationwide inventory of multifamily mortgages consisted of 2,026 mortgages with an unpaid principal balance of approximately $4 billion. Over 55 percent of those mortgages were delinquent. The management of this inventory is a difficult task, since the projects securing the mortgages have a history of financial and/or management problems. HUD has taken some corrective actions, such as increasing financial training. The agency also recently made debt collection a top priority. However, GAO determined that in a 21-month period total delinquencies increased from $500 million to about $589 million.

Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Mortgage guarantee Insurance
Languages : en
Pages : 40

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Book Description

Author:
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 20

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Book Description

Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 916

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Book Description
Catalog of reports, decisions and opinions, testimonies and speeches.