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RCED-93-129R 1 (1993-03-29)

handle is hein.gao/gaobackhe0001 and id is 1 raw text is: 

            United States
GAG         General Accounting Office
            Washington, D.C. 20548

            Resource., Community, and
            Economic Development Division

            B-252534il

                                                         148905
             March 29, 1993


             The Honorable John D. Rockefeller
             Chairman, Committee on Veterans' Affairs
             United States Senate

             Dear Mr. Chairman:

             As the Committee requested and as we agreed in subsequent
    odiscussions with the Committee's office, this letter
             provides our comments on the Booz.Allen & Hamilton Inc.'s
     S(Booz Allen) January 1991 report on the Department of
             Veterans Affairs' (VA) Guaranty Home Loan Program.' The
             Booz-Allen report presents extensive information on the
     0  history of the VA home loan program, the types of benefits
             provided to veterans, and the ways in which the program
             differs from home mortgage programs provided by the
             Department of Housing and Urban Development's Federal
 Z           Housing Administration (FHA) and the private sector. In
     Saddition, the report contains seven recommendations designed
     Qto improve the VA home loan program's economy, efficiency,
             and management. Our review focused on whether the report
      >0     (1) presents sufficient evidence to support its
    I.       recommendations and (2) contains errors in fact or
    )   0    analytical weaknesses.

             As agreed, our work on the first objective was limited to
             determining whether adequate support for the recommendations
             appears in the report itself. To accomplish this, we
             reviewed the report and discussed with Booz'Allen officials    A
             the information that they had used to support the
             recommendations. We did not determine the reasonableness of
             the report's recommendations. Similarly, our work on the
             second objective was limited to determining, from our
             reading of the report and our knowledge of the VA home loan


             'Veterans Housing Loan Program Evaluation Final ReDort,
             Office of Program Coordination and Evaluation, Department of
             Veterans Affairs, prepared by Booz Allen & Hamilton Inc.
             (Report No. 91-01).


GAO/RCED-93-129R, VA Housing Loan Program

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