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Mortgage Financing: Financial Health of FHA's Home Mortgage Insurance Program Has Improved

RCED-95-20 Published: Oct 18, 1994. Publicly Released: Oct 18, 1994.
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Highlights

Pursuant to a congressional request, GAO reviewed the actuarial soundness of the Federal Housing Administration's (FHA) Mutual Mortgage Insurance Fund, focusing on the: (1) fund's economic net worth as of the end of fiscal years 1992 and 1993; and (2) econometric and cash flow modeling approach used to estimate the fund's net worth.

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Budgetary reservesEconometric modelingFinancial analysisFinancial managementFunds managementHomeowners insuranceInternal controlsMortgage programsMortgage protection insuranceRevolving funds