FHA ANNUAL REPORT.

SEC. 504. FHA ANNUAL REPORT.Section 203 of the National Housing Act (12 U.S.C. 1709) is amended by adding at the end the following: 106 STAT. 3781 “(v) Annual Report.—The Secretary of Housing and Urban Development shall submit to the Congress an annual report on the single family mortgage insurance program under this section. Each report shall set forth— “(1) an analysis of the income groups served by the single family insurance program, including— “(A) the percentage of borrowers whose incomes do not exceed 100 percent of the median income for the area; “(B) the percentage of borrowers whose incomes do not exceed 80 percent of the median income for the area; and “(C) the percentage of borrowers whose incomes do not exceed 60 percent of the median income for the area; “(2) an analysis of the percentage of minority borrowers annually assisted by the program; the percentage of central city borrowers assisted and the percentage of rural borrowers assisted by the program; “(3) the extent to which the Secretary in carrying out the program has employed methods to ensure that needs of low and moderate income families, under served areas, and historically disadvantaged groups are served by the program; and “(4) the current impediments to having the program serve low and moderate income borrowers; borrowers from central city areas; borrowers from rural areas; and minority borrowers.