TITLE

Mandate on Department of Housing and Urban Development's Alternative Credit Pilot Program

AUTHOR(S)
Scirè, Mathew J.
PUB. DATE
July 2010
SOURCE
GAO Reports;7/30/2010, p1
SOURCE TYPE
Government Documents
DOC. TYPE
Article
ABSTRACT
The article focuses on the alternative credit pilot program of the Department of Housing and Urban Development (HUD) in the U.S. It notes that the program will aid the assessment of nontraditional borrower's credit worthiness, including the compilation of performance on rental payments, utility, phone and cable television bills, and insurance or tuition payments. It reports that 7,319 nontraditional borrowers were approved for Federal Housing Administration (FHA)-insured mortgages in 2009.
ACCESSION #
52828654

 

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