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Daily Archives: May 19, 2011

Accounting for FHA's Single-Family Mortgage Insurance Program on a Fair-Value Basis

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CBO – Accounting for FHA’s Single-Family Mortgage Insurance Program on a Fair-Value Basis, May 18, 2011 – Letter to the Honorable Paul Ryan

  • “Over the past two years, the Federal Housing Administration (FHA) has guaranteed more than 17 percent of new and refinanced mortgages on single-family homes in the United States. The costs of FHA’s single-family mortgage insurance program are recorded in the federal budget using a methodology spelled out in the Federal Credit Reform Act of 1990 (FCRA). This analysis examines the budgetary impact of using a different accounting approach—fair-value estimating—which provides a more comprehensive measure of the cost of that program.”
  • Related postings on financial system

    • New GAO Reports: Banking Regulation, Fragmented Economic Development Programs, International School Feeding, Joint Strike Fighter

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    Banking Regulation: Enhanced Guidance on Commercial Real Estate Risks Needed, GAO-11-489, May 19, 2011 Efficiency and Effectiveness of Fragmented Economic Development Programs Are Unclear, GAO-11-477R, May 19, 2011 International School Feeding: USDA’s Oversight of the McGovern-Dole Food for Education Program Needs Improvement, GAO-11-544, May 19, 2011 Joint Strike Fighter: Restructuring Places Program on Firmer Footing,… Continue Reading

    "Link Rot" and Legal Resources on the Web: A 2011 Analysis by the Chesapeake Digital Preservation Group

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    Via LLRX: “Link Rot” and Legal Resources on the Web: A 2011 Analysis by the Chesapeake Digital Preservation Group – Sarah Rhodes describes and documents the work of the Chesapeake Digital Preservation Group’s fourth annual investigation of link rot among the original URLs for online law and policy-related materials archived though the group’s efforts. Link… Continue Reading

    Postcard from Vienna: The Vis Moot and the Triumph of Foreign and International Law

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    Via LLRX – Postcard from Vienna: The Vis Moot and the Triumph of Foreign and International Law – Nicholas Pengelley vibrantly documents, with accompanying photos, his latest experiences as evaluator of written memoranda, arbitrator at oral arguments, and sometime team coach at the Vis Moot, in which he has participated for a decade. The moot,… Continue Reading