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I (1993)

handle is hein.cbhear/cblhadxx0001 and id is 1 raw text is: S. HRG. 103-263 HUD MULTIFAMILY HOUSING CRISIS HEARING BEFORE THE SUBCOMMITTEE ON HOUSING AND URBAN AFFAIRS OF THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS UNITED STATES SENATE ONE HUNDRED THIRD CONGRESS FIRST SESSION ON PROBLEMS PLAGUING THE FEDERAL HOUSING ADMINISTRATION'S MULTIFAMILY HOUSING INSURANCE PROGRAM RESULTING FROM THE INCREASING NUMBER OF FORMERLY INSURED MORTGAGES THAT HAVE COME INTO INVENTORY AFTER DEFAULT, AND MORT- GAGES THAT ARE AT RISK OF DEFAULT DUE TO THE POOR DESIGN OF COINSURANCE AND FAULTY UNDERWRITING. OTHER PROBABLE CAUSES ARE LINKED TO THE ABSENCE OF SUFFICIENT MONITORING, LACK OF ADEQUATE STAFF, THE DOWNTURN IN REGIONAL RENTAL MARKETS AND THE IMPACT OF TAX REFORM JUNE 22, 1993 Printed for the use of the Committee on Banking, Housing, and Urban Affairs 73-596 CC U.S. GOVERNMENT PRINTING OFFICE WASHINGTON : 1993 For sale by the U.S. Government Printing Office Superintendent of Documents, Congressional Sales Office, Washington, DC 20402 ISBN 0-16-041745-7

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