Defaults on FHA-insured Mortgages (Detroit).: Hearings Before a Subcommittee of the Committee on Government Operations, House of Representatives, Ninety-second Congress, First [and Second] Session[s], Part 1 |
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Page 7
... repaired . But if a person misses three , then it is much more difficult to get back and become current again , so that I would think that was serious default as distinguished from missing one payment . Mr. BIRKLE . Yes , sir . Mr ...
... repaired . But if a person misses three , then it is much more difficult to get back and become current again , so that I would think that was serious default as distinguished from missing one payment . Mr. BIRKLE . Yes , sir . Mr ...
Page 8
... repairs and rehabilitation , which in area 008 has averaged $ 9,194 per house , and reduced by the actual or estimated resale value . We estimate that for the total inventory of 5,297 acquired properties in the Detroit area office as of ...
... repairs and rehabilitation , which in area 008 has averaged $ 9,194 per house , and reduced by the actual or estimated resale value . We estimate that for the total inventory of 5,297 acquired properties in the Detroit area office as of ...
Page 16
... repaired before the houses were sold . Mr. BROWN . You are aware , are you not , that at about the time of the adoption ... repairs and such - they were required where there were re- pairs required to be made . But the certification was ...
... repaired before the houses were sold . Mr. BROWN . You are aware , are you not , that at about the time of the adoption ... repairs and such - they were required where there were re- pairs required to be made . But the certification was ...
Page 19
... repair cost . Mr. BIRKLE . The repair costs in 008- $ 9,194- Mr. SHANKS . Page 7 ? Mr. BROWN . What I am talking about is the paragraph below where you talk about the average loss will be about- Mr. SHANKS . $ 9,194 . Mr. BROWN . But in ...
... repair cost . Mr. BIRKLE . The repair costs in 008- $ 9,194- Mr. SHANKS . Page 7 ? Mr. BROWN . What I am talking about is the paragraph below where you talk about the average loss will be about- Mr. SHANKS . $ 9,194 . Mr. BROWN . But in ...
Page 20
... repair cost . Mr. BROWN ( Continuing ) . " This loss represents HUD's payoff of the insured defaulted mortgages ... repairs and rehabilitation has averaged $ 9,194 per house ? Mr. SHANKS . These are the cases that fell in our sample ...
... repair cost . Mr. BROWN ( Continuing ) . " This loss represents HUD's payoff of the insured defaulted mortgages ... repairs and rehabilitation has averaged $ 9,194 per house ? Mr. SHANKS . These are the cases that fell in our sample ...
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235 program abandoned arson assistance BIRKLE BIXBY BROWN building buyer Chairman city of Detroit commitment committee Congressman CONYERS cost counseling crime defects Department of Housing Detroit area office Detroit Housing Commission director dwellings Federal fee appraisers FHA-insured mortgages foreclosure GARRY BROWN GIRTY going gram home ownership Housing and Urban Housing Management Division housing programs HUD's income increase inner city inner-city inspection Inspector RICARD insurance fund insurance programs inventory LEDERER loan low-income maintenance Mayor GRIBBS ment middle city million moderate-income programs MoGK MONAGAN months mortgage insurance mortgagors NEDZI older neighborhoods Operations payments percent persons present problem properties public housing purchaser question rate of defaults repairs repossessed ROBINSON ROSENBERG safety engineering section 223 section 235 sell SHANKS situation statement subcommittee subsidy substandard Thank tion units Urban Development urban renewal utility vacant homes vandalized Wayne County WHITBECK