The Resource Federal Housing Administration: Monitoring of Single Family Mortgages Needs Improvement

Federal Housing Administration: Monitoring of Single Family Mortgages Needs Improvement

Label
Federal Housing Administration: Monitoring of Single Family Mortgages Needs Improvement
Title
Federal Housing Administration: Monitoring of Single Family Mortgages Needs Improvement
Contributor
Subject
Language
eng
Summary
Through a review of agency materials and discussions with FHA officials, we identified 25 (2 headquarters and 23 field office) monitoring activities, or procedures, which contained monitoring and corrective actions. FHA uses the procedures in its review of the mortgage credit, valuation, and loan management areas of the Section 203(b) insurance program. In fiscal year 1988, Los Angeles did not fully comply with 9 of its 22 applicable monitoring action requirements and 5 of 15 applicable corrective action requirements, Tampa did not fully comply with 8 of the 22 applicable monitoring action requirements and 8 of the 16 applicable corrective action requirements. In addition, we could not determine compliance with 4 monitoring action requirements and up to 10 corrective action requirements in Los Angeles and Tampa because either they had not been documented of FHA's guidance was not sufficiently specified to determine when corrective actions should have been taken. We determined compliance with the 9 remaining monitoring action requirements (bot no applicable corrective actions) in Los Angeles and 10 monitoring and 3 corrective actions in Tampa. FHA headquarters complied with the two applicable procedures that we reviewed
Cataloging source
DTICE
Index
no index present
Literary form
non fiction
http://library.link/vocab/relatedWorkOrContributorName
GENERAL ACCOUNTING OFFICE WASHINGTON DC RESOURCES COMMUNITY AND ECONOMIC DEVELOPMENT DIV
http://library.link/vocab/subjectName
  • Financial management
  • Housing(dwellings)
  • Monitoring
  • Federal law
  • Costs
  • Insurance
  • Administration and Management
  • Economics and Cost Analysis
Label
Federal Housing Administration: Monitoring of Single Family Mortgages Needs Improvement
Instantiates
Publication
Note
Report to the Secretary of Housing and Urban Development
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Extent
41 pages
Form of item
online
Governing access note
APPROVED FOR PUBLIC RELEASE
Media category
computer
Media MARC source
rdamedia
Media type code
c
Note
Hein Online
System control number
  • (OCoLC)227799147
  • (OCoLC)ocn227799147
Label
Federal Housing Administration: Monitoring of Single Family Mortgages Needs Improvement
Publication
Note
Report to the Secretary of Housing and Urban Development
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Extent
41 pages
Form of item
online
Governing access note
APPROVED FOR PUBLIC RELEASE
Media category
computer
Media MARC source
rdamedia
Media type code
c
Note
Hein Online
System control number
  • (OCoLC)227799147
  • (OCoLC)ocn227799147

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