Mortgage Financing: FHA's Fund Has Grown, but Options for Drawing on the Fund Have Uncertain Outcomes
Description:
A letter report issued by the General Accounting Office with an abstract that begins "The Mutual Mortgage Insurance Fund has maintained an economic value of at least two percent of the Fund's insurance-in-force, as required by law. GAO's and the Department of Housing and Urban Development's (HUD) analysis show that the Fund had an economic value of $15.8 billion (3.20 percent) and $16.6 billion (3.66 percent), respectively. Given the economic value of the Fund and the state of the economy at th…
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Date:
February 28, 2001
Creator:
United States. General Accounting Office.
Partner:
UNT Libraries Government Documents Department