Housing Assistance: An Inventory of Fiscal Year 2010 Programs, Tax Expenditures, and Other Activities
U.S. Government Accountability Office
Growing Equity Mortgage Insurance (Section 245(a))
| Administering Agency/Entity |
Department of Housing and Urban Development |
| Short Description |
Provides mortgage insurance to protect lenders against the risk of default on mortgages in which scheduled increases in monthly payments are applied to the outstanding principal balances of the mortgages; thereby considerably shortening their terms. |
| Primary Purpose |
Assistance for buying, selling, or financing a home |
| Type of Housing Supported |
Homeownership |
| Type of Assistance |
Insured loan |
| Fiscal Year 2010 Obligations |
None; no loans were made in fiscal year 2010. |
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