Hospital Mortgage Insurance Program

Hospital Mortgage Insurance Program PDF

Author: United States Government Accountability Office

Publisher: Createspace Independent Publishing Platform

Published: 2017-09-13

Total Pages: 66

ISBN-13: 9781976358456

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Under its Hospital Mortgage Insurance Program, the Department of Housing and Urban Development's (HUD) Federal Housing Administration (FHA) insures nearly $5 billion in mortgage loans for the renovation or construction of hospitals that would otherwise have difficulty accessing capital. In response to a requirement in the 2005 Consolidated Appropriations Conference Report, GAO examined (1) the design and management of the program, as compared with private insurance, (2) the nature and management of the relationship between HUD and the Department of Health and Human Services (HHS) in implementing the program, (3) the financial implications of the program to the General Insurance/Special Risk Insurance (GI/SRI) fund, including risk posed by program and market trends, and (4) how HUD estimates the annual credit subsidy for the program, including the factors and assumptions used.

Federal Housing Administration - Hospital Mortgage Insurance Program - Refinancing Hospital Loans (Us Department of Housing and Urban Development Regulation) (Hud) (2018 Edition)

Federal Housing Administration - Hospital Mortgage Insurance Program - Refinancing Hospital Loans (Us Department of Housing and Urban Development Regulation) (Hud) (2018 Edition) PDF

Author: The Law The Law Library

Publisher: Createspace Independent Publishing Platform

Published: 2018-11-07

Total Pages: 36

ISBN-13: 9781729697634

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Federal Housing Administration - Hospital Mortgage Insurance Program - Refinancing Hospital Loans (US Department of Housing and Urban Development Regulation) (HUD) (2018 Edition) The Law Library presents the complete text of the Federal Housing Administration - Hospital Mortgage Insurance Program - Refinancing Hospital Loans (US Department of Housing and Urban Development Regulation) (HUD) (2018 Edition). Updated as of May 29, 2018 This rule revises the regulations governing FHA's Section 242 Hospital Mortgage Insurance Program (Section 242 program) for the purpose of codifying, in regulation, FHA's implementation of its authority to refinance existing loans of hospitals without FHA-insured mortgages, without conditioning the exercise of such authority on the expenditure of funds for construction or renovation. Hospitals with FHA's Section 242 mortgage insurance may refinance existing debt under section 223(a)(7) of the National Housing Act, and such refinancing under section 223(a)(7) is not conditioned upon the hospital undertaking new construction or renovation. When credit availability contracted considerably in 2008, FHA, in 2009, commenced the exercise of its authority to refinance the capital debt of hospitals without section 242 mortgage insurance. FHA exercised this authority through notices issued on July 1, 2009, and February 22, 2010. FHA initiated rulemaking to make this refinancing authority a permanent part of the Section 242 regulatory program through a January 29, 2010, proposed rule, which solicited comment on HUD's implementation of this refinancing authority to date. This book contains: - The complete text of the Federal Housing Administration - Hospital Mortgage Insurance Program - Refinancing Hospital Loans (US Department of Housing and Urban Development Regulation) (HUD) (2018 Edition) - A table of contents with the page number of each section

FHA Hospital Mortgage Insurance Program

FHA Hospital Mortgage Insurance Program PDF

Author: DIANE Publishing Company United States General Accounting Office Federal Housing Administration

Publisher: DIANE Publishing

Published: 1996-10-01

Total Pages: 53

ISBN-13: 9780788134852

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The FHA Hospital Mortgage Insurance Program (HMIP) insures loans to finance the renovation or construction of hospitals that meet certain criteria. The insurance protects lenders against losses they might incur if hospitals fail to make their mortgage payments. This report identifies factors that could affect the stability of the program's financial performance; evaluates the methodology that FHA used to estimate the program's FY Ô94 loan loss reserve; evaluates the relationship between the purpose of the HMIP and HUD's mission; and whether FHA has the expertise to manage the program.

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