United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office Resources, Community, and Economic Development Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1995-07-24 monographic deposited born digital 52 p. GA 1.13:RCED-95-144FS https://www.govinfo.gov/app/details/GAOREPORTS-RCED-95-144FS P0b002ee18037c9e6 f:rc95144f DGPO 2010-08-12 2011-03-24 GAOREPORTS-RCED-95-144FS machine generated eng fdlp REPORT GAOREPORTS-RCED-95-144FS RCED-95-144FS Real property acquisition Mortgage programs Mortgage protection insurance Funds management Foreclosures Insurance claims Homeowners loans Property disposal Losses Mutual Mortgage Insurance Fund HUD Single Family Accounting Management System General Insurance Fund Special Risk Insurance Fund Fact Sheet RCED Pursuant to a congressional request, GAO provided information on the Department of Housing and Urban Development's (HUD) acquisition and disposition of single-family properties.<p/>GAO found that: (1) HUD spent nearly $14 billion to acquire, manage, and dispose of nearly 200,000 single-family properties it sold during fiscal years 1992 through 1994; and it only received $9.2 billion from the sale of these properties; (2) the median loss per single-family property was around $22,500; (3) HUD acquisition costs represented about 89 percent of its total costs; (4) HUD acquired an average of more than 63,000 single-family properties per year and sold an average of nearly 66,000 such properties during fiscal years 1992 through 1994; and (5) these single-family properties remained in HUD inventory about 5 months before being sold. https://www.govinfo.gov/content/pkg/GAOREPORTS-RCED-95-144FS/html/GAOREPORTS-RCED-95-144FS.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-RCED-95-144FS/pdf/GAOREPORTS-RCED-95-144FS.pdf GAO/RCED-95-144FS https://www.govinfo.gov/app/details/GAOREPORTS-RCED-95-144FS Fact Sheet GAO/RCED-95-144FS; Property Disposition: Information on HUD's Acquisition and Disposition of Single-Family Properties; Real property acquisition Mortgage programs Mortgage protection insurance Funds management Foreclosures Insurance claims Homeowners loans Property disposal Losses Mutual Mortgage Insurance Fund HUD Single Family Accounting Management System General Insurance Fund Special Risk Insurance Fund