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 1994-10-18 monographic deposited born digital 41 p. GA 1.13:RCED-95-20 https://www.govinfo.gov/app/details/GAOREPORTS-RCED-95-20 P0b002ee18039675a f:rc95020 DGPO 2010-08-12 2011-03-24 GAOREPORTS-RCED-95-20 machine generated eng fdlp REPORT GAOREPORTS-RCED-95-20 RCED-95-20 Mortgage programs Mortgage protection insurance Revolving funds Internal controls Financial management Financial analysis Homeowners insurance Budgetary reserves Funds management Econometric modeling Mutual Mortgage Insurance Fund HUD Single-Family Mortgage Insurance Program Letter Report RCED

Through its Federal Housing Administration (FHA), the Department of Housing and Urban Development insures private lenders against losses on home mortgages financed through its Mutual Mortgage Insurance Fund. These mortgages are now valued at nearly $270 billion. Although the Fund has historically been financially self-sufficient, it began to experience substantial losses during the 1980s, mainly because of high foreclosure rates on single-family homes supported by the fund in economically depressed areas. This report (1) summarizes GAO's assessment of the economic net worth of the Fund at the end of fiscal year 1993 and (3) describes GAO's econometric and cash flow modeling approach for forecasting the economic net worth of the Fund. https://www.govinfo.gov/content/pkg/GAOREPORTS-RCED-95-20/html/GAOREPORTS-RCED-95-20.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-RCED-95-20/pdf/GAOREPORTS-RCED-95-20.pdf GAO/RCED-95-20 https://www.govinfo.gov/app/details/GAOREPORTS-RCED-95-20 Letter Report GAO/RCED-95-20; Mortgage Financing: Financial Health of FHA's Home Mortgage Insurance Program Has Improved; Mortgage programs Mortgage protection insurance Revolving funds Internal controls Financial management Financial analysis Homeowners insurance Budgetary reserves Funds management Econometric modeling Mutual Mortgage Insurance Fund HUD Single-Family Mortgage Insurance Program Title 12 Section 1711 12 U.S.C. 1711 Public Law 73-479 Public Law 101-508