HUD's Hammer Award Winners

Risk Management for Housing Loans,
Correspondent Portfolio Analysis Database System

TRE\FMS, VA\VHA, HUD\FHA, HUD\National Mortgage Association (Ginnie Mae)

Brief Description
The Financial Management Service assisted Ginnie Mae in developing a system, linking the principle Federal agencies which guarantee housing loans, so that the default rate of original loan lenders can be measured. Poor underwriting is a major cause of loan defaults. By identifying lenders with high default rates in the first 24 months, the Government is able to select questionable lenders for audit, and thereby conduct better risk management. The Federal Housing Administration and Veterans Administration loans outstanding as of September 30, 1994 were $544 billion. Ginne Mae guarantees almost all of this amount.

Agency Contact: Scott Gould 202-622-2400
NPR Contact: Jerry Nikolaus, phone (202) 632-0150, fax (202) 632-0390, email

Date of Award: 10/30/95

Content Archived: February 8, 2013