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Federal Housing Administration: analysis of options for modifying its products, market presence, and powers: report to congressional requesters.

Federal Housing Administration: analysis of options for modifying its products, market presence, and powers: report to congressional requesters.

          
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About the Book

"FHA has historically provided mortgage guarantees for home buyers, particularly first-time, minority, and lower-income borrowers. In 2012, FHA insured about $227 billion in single-family mortgages, and its overall insurance portfolio was about $1.1 trillion. Its market presence expanded during the recent housing crisis as the conventional market contracted and Congress increased the limit on the size of loans FHA may insure. But FHA's financial condition has weakened, and FHA has not met its 2 percent statutory minimum capital ratio since 2009. In its most recent budget, the agency stated that its capital reserve account might require an infusion of federal funds.FHA, industry participants, and researchers have suggested a number of options for improving FHA's long-term viability or for limiting FHA's market presence. These options have potential implications for taxpayers, borrowers, and others. This report discusses the options-which fall into three broad categories: (1) changes to product terms and conditions, (2) changes that would restrict FHA's market presence, and (3) changes to FHA's operations and powers-and their implications. It also describes the possible effects of broader housing finance reform on FHA.GAO interviewed a variety of industry stakeholders and researchers and reviewed studies and other documents to identify options for reforming"


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Product Details
  • ISBN-13: 9781974197248
  • Publisher: Createspace Independent Publishing Platform
  • Publisher Imprint: Createspace Independent Publishing Platform
  • Height: 280 mm
  • No of Pages: 70
  • Spine Width: 4 mm
  • Width: 216 mm
  • ISBN-10: 1974197247
  • Publisher Date: 03 Aug 2017
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 186 gr


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