[PDF] Actuarial Soundness Of The Federal Housing Administrations Mutual Mortgage Insurance Fund eBook

Author : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Housing and Community Development
Publisher :
Page : 236 pages
File Size : 44,89 MB
Release : 1994
Category : Business & Economics
ISBN :

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Author : United States. Congress. House. Committe
Publisher : Hardpress Publishing
Page : 226 pages
File Size : 34,69 MB
Release : 2013-12
Category :
ISBN : 9781314892093

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Unlike some other reproductions of classic texts (1) We have not used OCR(Optical Character Recognition), as this leads to bad quality books with introduced typos. (2) In books where there are images such as portraits, maps, sketches etc We have endeavoured to keep the quality of these images, so they represent accurately the original artefact. Although occasionally there may be certain imperfections with these old texts, we feel they deserve to be made available for future generations to enjoy.

Author : United States Congress
Publisher : Forgotten Books
Page : 224 pages
File Size : 15,46 MB
Release : 2017-12-24
Category : Business & Economics
ISBN : 9780484677295

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Excerpt from Actuarial Soundness of the Federal Housing Administration's Mutual Mortgage Insurance Fund: Hearing Before the Subcommittee on Housing and Community Development of the Committee on Banking, Finance and Urban Affairs, House of Representatives, One Hundred Third Congress, Second Session, June 30, 1994 And today, happily, because the numbers are coming back, we perhaps don't look as much at the black box model that adds up to the numbers that we want to see at the bottom of the line. I think we need to explore to some extent the volatility of that, and I might note that in the executive summary of Price Waterhouse, which I have had a chance to look at, I am pleased to note that you do talk about the uncertainties and the variables that are not possible to measure, the lack of appraisals, and the assumptions that you make. I think this is very helpful for us to realize, not just when we were doubtful about the results for a model, but also when we are utilizing them. Perhaps more importantly, we are utilizing them to - in fact, as the base for moving forward to resume the role of fha We need to look very closely at this. The truth is, of course, that because of the nature of events, the last years, we were always waiting for the next report to come out in terms of giving us a signal, the other shoe to drop, so to speak. And I know, Mr. Chairman, in your materials that you provided the members of the subcommittee, that you are pointing out the gao is now coming out with a report in September. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Author : United States Accounting Office (GAO)
Publisher : Createspace Independent Publishing Platform
Page : 32 pages
File Size : 14,49 MB
Release : 2018-06-05
Category :
ISBN : 9781720663508

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Mortgage Financing: Actuarial Soundness of the Federal Housing Administration's Mutual Mortgage Insurance Fund

Author : U S Government Accountability Office (G
Publisher : BiblioGov
Page : 22 pages
File Size : 22,11 MB
Release : 2013-06
Category :
ISBN : 9781289052652

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Through the Mutual Mortgage Insurance Fund, the Federal Housing Administration operates a single-family insurance program that helps millions of Americans buy homes. Last year, the Fund's economic value appeared to have reached its highest level in the last 20 years--prompting proposals to spend some of the Fund's current resources or reduce net cash flows into the Fund. This testimony discusses (1) the financial health of the Fund under different economic scenarios and (2) the impact of proposals to reduce the size of the Fund. Under several scenarios it tested, GAO found that the Fund would be able to withstand moderately severe economic downturns. However, in three other scenarios GAO tested, the Fund would not be able to maintain its actuarial soundness. Because of the professional judgment and uncertainty involved in these analyses, GAO urges caution in using these estimates to conclude that the Fund would withstand any particular economic scenario under all circumstances. Congress and the Secretary of Housing and Urban Development have taken and could take several steps to influence the economic value of the Fund. However, those actions will affect the federal budget, and, if not accompanied by spending reduction in other areas of the government, the federal budget surplus will decline.

Author : United States Congress House Committe
Publisher : Sagwan Press
Page : 222 pages
File Size : 23,69 MB
Release : 2018-02-07
Category :
ISBN : 9781376966831

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