Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Transportation
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 82
Book Description
Challenges Facing the FHA's Single-family Insurance Fund
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Transportation
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 82
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 82
Book Description
Challenges Facing the FHA's Single-family Insurance Fund
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Transportation
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 75
Book Description
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 75
Book Description
Challenges Facing the FHA's Single-family Insurance Fund
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Transportation
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 80
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 80
Book Description
Financial Health of the Federal Housing Administration (FHA) Insurance Fund
Author: United States. Congress. House. Committee on the Budget. Task Force on Urgent Fiscal Issues
Publisher:
ISBN:
Category : Mortgage guarantee insurance
Languages : en
Pages : 172
Book Description
Publisher:
ISBN:
Category : Mortgage guarantee insurance
Languages : en
Pages : 172
Book Description
Challenges Facing The FHA's Single-Family Insurance Fund: Hearing, Senate Committee on Banking, March 25, 1999
Financial Condition of the FHA's Mutual Mortgage Insurance Fund
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Urban Affairs
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 270
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 270
Book Description
The Financial Health of the Federal Housing Administration's Single Family Mutual Mortgage Insurance Fund
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 110
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 110
Book Description
Federal Housing Administration: Proposed Legislative Changes Would Affect Borrower Benefits and Risks to the Insurance Funds
Author:
Publisher: DIANE Publishing
ISBN: 9781422397299
Category :
Languages : en
Pages : 22
Book Description
Publisher: DIANE Publishing
ISBN: 9781422397299
Category :
Languages : en
Pages : 22
Book Description
Mortgage Financing: Financial Condition of FHA's Mutual Mortgage Insurance Fund
Author: Mathew J. Scire
Publisher: DIANE Publishing
ISBN: 1437940072
Category : Business & Economics
Languages : en
Pages : 16
Book Description
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.
Publisher: DIANE Publishing
ISBN: 1437940072
Category : Business & Economics
Languages : en
Pages : 16
Book Description
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.
Federal Housing Administration
Author: United States Government Accountability Office
Publisher:
ISBN: 9781469971506
Category : Education
Languages : en
Pages : 24
Book Description
For the third consecutive year, FHA reported that the Fund's capital ratio (the ratio of economic value to insurance-in-force) has not met the 2 percent statutory minimum (see below). FHA cites declines in the Fund's economic value due to higher-than-expected defaults, claims, and losses. At the same time, the other component of the ratio, FHA's insurance-in-force, has grown rapidly. The Fund's condition also worsened from a budgetary perspective, with balances in the Fund's capital reserve account reaching new lows. If the account were depleted, FHA would require more funds to help cover costs on insurance issued to date. FHA enhanced methods for assessing the Fund's financial condition but has not yet addressed GAO's 2010 recommendation for improving the reliability of its estimates. It relies on a single economic forecast, which does not fully account for variability in future house prices and interest rates. An approach that would simulate hundreds of economic paths for house prices and interest rates would improve the reliability of its capital ratio estimates. FHA has taken or plans a number of steps to better assess and manage risk. It created a risk office in 2010 and hired a consultant to recommend best practices. FHA plans to charter committees to evaluate risks at enterprise-wide and programmatic levels. It began a quality control initiative in the Office of Single Family Housing, in which program and field offices assess and report on risks. FHA also enhanced lender and appraiser reviews. While FHA's consultant recommended integrating risk assessments, the quality control and risk office activities currently remain separate efforts. Also, the Office of Single Family Housing has not annually updated assessments since 2009 as required. Without integrated and updated risk assessments that identify emerging risks, FHA lacks assurance it has identified all its risks. Further, human capital presents challenges. FHA has not created a systematic workforce plan to identify critical skills and skill gaps. Such a plan will be needed because high percentages of staff are eligible to retire soon. Without a workforce planning process that includes succession planning, FHA's ability to systematically identify workforce needs is limited.
Publisher:
ISBN: 9781469971506
Category : Education
Languages : en
Pages : 24
Book Description
For the third consecutive year, FHA reported that the Fund's capital ratio (the ratio of economic value to insurance-in-force) has not met the 2 percent statutory minimum (see below). FHA cites declines in the Fund's economic value due to higher-than-expected defaults, claims, and losses. At the same time, the other component of the ratio, FHA's insurance-in-force, has grown rapidly. The Fund's condition also worsened from a budgetary perspective, with balances in the Fund's capital reserve account reaching new lows. If the account were depleted, FHA would require more funds to help cover costs on insurance issued to date. FHA enhanced methods for assessing the Fund's financial condition but has not yet addressed GAO's 2010 recommendation for improving the reliability of its estimates. It relies on a single economic forecast, which does not fully account for variability in future house prices and interest rates. An approach that would simulate hundreds of economic paths for house prices and interest rates would improve the reliability of its capital ratio estimates. FHA has taken or plans a number of steps to better assess and manage risk. It created a risk office in 2010 and hired a consultant to recommend best practices. FHA plans to charter committees to evaluate risks at enterprise-wide and programmatic levels. It began a quality control initiative in the Office of Single Family Housing, in which program and field offices assess and report on risks. FHA also enhanced lender and appraiser reviews. While FHA's consultant recommended integrating risk assessments, the quality control and risk office activities currently remain separate efforts. Also, the Office of Single Family Housing has not annually updated assessments since 2009 as required. Without integrated and updated risk assessments that identify emerging risks, FHA lacks assurance it has identified all its risks. Further, human capital presents challenges. FHA has not created a systematic workforce plan to identify critical skills and skill gaps. Such a plan will be needed because high percentages of staff are eligible to retire soon. Without a workforce planning process that includes succession planning, FHA's ability to systematically identify workforce needs is limited.