Category Archives: Housing

Hurricane Katrina: 10 Years after the Storm

It’s been a decade since Hurricane Katrina devastated the Gulf Coast. In that time, we’ve examined almost every aspect of federal recovery efforts following the storm. Today, we look back at some of that work and explore how to reduce … Continue reading

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Housing Finance Weaknesses

Did you buy a house before 2007 and, over the next few years, watch its value fall to less than what you owed on your mortgage? Did you lose a house to foreclosure? Weaknesses in the U.S. housing finance system … Continue reading

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Understanding the Housing Finance System

The housing finance market is more than just homebuyers, sellers, and real estate agents—it’s a complicated landscape of borrowers, lenders, securitizers, servicers, and investors. The complexity of housing finance played a major role in the 2007-2009 financial crisis, and poses … Continue reading

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Podcast on Education of Homeless Students

In the 2011 to 2012 school year, there were more than 1 million homeless students in the United States. The Department of Education established a grant program to help homeless students gain access to public education. Hear our podcast with Kay … Continue reading

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GAO’s Financial Markets and Community Investment Team

GAO’s workforce is generally organized into 14 mission teams. Today we’ll be putting the spotlight on the Financial Markets and Community Investment (FMCI) team. FMCI supports Congress by helping ensure the effectiveness of regulatory oversight in financial and housing markets, … Continue reading

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GAO Reports That Help Protect Vulnerable Elders

News stories about older adults whose trusted family members or other caretakers deny them food and water, leave them to live under deplorable conditions, or physically and psychologically abuse them are all too common.  Neglect and abuse can often go … Continue reading

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Foreclosure Rescue Schemes and You

Evidence suggests that individuals who are less financially savvy are more likely to fall victim to financial scams, hold high cost mortgages, and engage in costly credit card behavior. As a result, the cost of limited financial literacy can be … Continue reading

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