Mortgage Financing: Additional Action Needed to Manage Risks of FHA-Insured Loans with Down Payment Assistance
Description:
A letter report issued by the Government Accountability Office with an abstract that begins "The Federal Housing Administration (FHA) permits borrowers to obtain down payment assistance from third parties; but, research has raised concerns about the performance of loans with such assistance. Due to these concerns, GAO examined the (1) trends in the use of down payment assistance with FHA-insured loans, (2) the impact that the presence of such assistance has on purchase transactions and house pr…
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Date:
November 9, 2005
Creator:
United States. Government Accountability Office.
Partner:
UNT Libraries Government Documents Department