United States Government Publishing Office
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dst
United States
Government Accountability Office
author
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Government Organization
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government publication
eng
GAOREPORTS
Legislative Agency Publications
gao
legislative
2010-08-12
U.S. Government Printing Office
2005-06-30
monographic
deposited
born digital
17 p.
GA 1.13:GAO-05-857T
https://www.govinfo.gov/app/details/GAOREPORTS-GAO-05-857T
P0b002ee18039f084
f:d05857t
DGPO
2010-08-12
2011-03-28
GAOREPORTS-GAO-05-857T
machine generated
eng
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REPORT
GAOREPORTS-GAO-05-857T
GAO-05-857T
Housing
Housing programs
Lending institutions
Mortgage loans
Mortgage programs
Mortgage protection insurance
Program evaluation
Risk management
Data collection
Homeowners loans
Insurance premiums
HUD Home Equity Conversion Mortgage
Insurance Program
Testimony
A28557
Federal Housing Administration: Managing Risks from a New Zero Down Payment Product
To assist Congress in considering legislation to authorize the
Secretary of the Department of Housing and Urban Development
(HUD) to carry out a pilot program to insure zero down payment
mortgages, this testimony provides information about practices
mortgage institutions use in designing and implementing low and
no down payment products. It also contains information about how
these practices could be instructive for FHA in managing risks
associated with a zero down payment product--a product for which
the risks are not well understood. This testimony is primarily
based on GAO's February 2005 report, Mortgage Financing: Actions
Needed to Help FHA Manage Risks from New Mortgage Loan Products,
(GAO-05-194).
https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-05-857T/html/GAOREPORTS-GAO-05-857T.htm
https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-05-857T/pdf/GAOREPORTS-GAO-05-857T.pdf
GAO-05-857T
https://www.govinfo.gov/app/details/GAOREPORTS-GAO-05-857T
Testimony
GAO-05-857T; Federal Housing Administration: Managing Risks from a New Zero Down Payment Product;
Housing
Housing programs
Lending institutions
Mortgage loans
Mortgage programs
Mortgage protection insurance
Program evaluation
Risk management
Data collection
Homeowners loans
Insurance premiums
HUD Home Equity Conversion Mortgage
Insurance Program