United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2004-11-05 monographic deposited born digital 44 p. GA 1.13:GAO-05-14 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-05-14 P0b002ee18037c2f3 f:d0514 DGPO 2010-08-12 2011-03-28 GAOREPORTS-GAO-05-14 machine generated eng fdlp REPORT GAOREPORTS-GAO-05-14 GAO-05-14 Appraisals Fair market value Government guaranteed loans Mortgage loans Mortgage programs Mortgage protection insurance Real estate sales Sanctions Personnel management Risk management Personnel qualifications FHA Single-Family Mortgage Insurance Program Other Written Product A13333 Incomplete or inaccurate appraisals resulting in property overvaluations may expose the Department of Housing and Urban Development's (HUD) Single-Family Mortgage Insurance programs--which insured about 3.7million single-family mortgage loans with a total value of about $425 billion in fiscal years 2001 through 2003--to greater financial risks. In 1999, GAO reported on the need for improvements in HUD's oversight of appraisers, which has historically been a challenge for the department. Also, in the past, GAO reported that, due in part to poor oversight of appraisers, HUD's Single-Family Mortgage Insurance programs remained a high-risk area. GAO conducted this review as a follow up to the 1999 report. This report examines (1) how HUD ensures that appraisers it approves are qualified to perform FHA appraisals, (2) the extent to which HUD employs a risk-based monitoring approach, and (3) HUD's efforts to take enforcement action against noncompliant appraisers. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-05-14/html/GAOREPORTS-GAO-05-14.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-05-14/pdf/GAOREPORTS-GAO-05-14.pdf GAO-05-14 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-05-14 Other Written Product GAO-05-14; Single-Family Housing: HUD's Risk-Based Oversight of Appraisers Could Be Enhanced; Appraisals Fair market value Government guaranteed loans Mortgage loans Mortgage programs Mortgage protection insurance Real estate sales Sanctions Personnel management Risk management Personnel qualifications FHA Single-Family Mortgage Insurance Program