Housing Finance : Options to Help Prevent Suspensions of FHA and RHS Loan Guarantee Programs

In FY 2004, HUD's Fed. Housing Auth. (FHA) & the USDA's Rural Housing Serv. (RHS) guaranteed $136 billion in mortgages for single-family homes, multifamily rental housing, & healthcare facil. In past years, both agencies have had to suspend the issuance of guarantees when they exhausted the dollar amounts of their commitment auth. or credit subsidy budget auth. before the end of a FY. This report determines: how often & why FHA & RHS have suspended their loan guarantee programs over the last decade; how these agencies manage to notify Congress of the rate at which the auth. for these programs will be exhausted; & options Congress & the agencies could exercise to help prevent future suspensions & the potential implications of these options.Wood, David G. is the author of 'Housing Finance : Options to Help Prevent Suspensions of FHA and RHS Loan Guarantee Programs', published 2005 under ISBN 9781422300503 and ISBN 1422300501.