Single-Family Housing: Progress Made, but Opportunities Exist to Improve HUD's Oversight of FHA Lenders

[摘要] A letter report issued by the Government Accountability Office with an abstract that begins "Every year, the Department of Housing and Urban Development (HUD), through its Federal Housing Administration (FHA), insures billions of dollars in home mortgage loans made by private lenders. Oversight of lenders has historically been a challenge for HUD. In January 2003, GAO reported that, due in part to poor lender oversight, HUD's single-family mortgage insurance programs remained a high-risk area. This report examines (1) how well HUD follows its guidance when granting lenders direct endorsement authority (the ability to underwrite loans and determine their eligibility for FHA mortgage insurance without HUD's prior review), (2) the extent to which HUD uses a risk-based approach when monitoring FHA lenders, and (3) the extent to which HUD holds accountable lenders that it identifies as not complying with its performance requirements."

[发布日期] 2004-11-12 [发布机构] United States. Government Accountability Office.

[关键词] Government accountability -- United States.;housing;single-family housing;letter report