Resolution Trust Corporation: Better Information Could Enhance Controls
Over Loan Servicing Costs (Letter Report, 12/22/93, GAO/GGD-94-41).

The Resolution Trust Corporation (RTC) makes extensive use of
contractors to service the mortgages and loans placed under its control.
As of April 1993, loan servicing contractors were servicing about
193,000 mortgages and loans with more than $18 billion in total book
value.  This report discusses RTC's loan servicing contracting and makes
suggestions to improve the planning of future loan servicing contracts
and establish appropriate fee structures for these kinds of contracts.

--------------------------- Indexing Terms -----------------------------

 REPORTNUM:  GGD-94-41
     TITLE:  Resolution Trust Corporation: Better Information Could 
             Enhance Controls Over Loan Servicing Costs
      DATE:  12/22/93
   SUBJECT:  Financial management
             Internal controls
             Mortgage loans
             Federal property management
             Bank failures
             Contract costs
             Loan repayments
             Contractor payments
             Contract monitoring
             Contractor performance

             
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