   
|
|
Federal Housing Administration |
|
|
|
|
|
| |
The Federal Housing Administration, or FHA, is an agency of the US Department of Housing and Urban Development (HUD) that provides mortgage insurance, mostly for single-family homes. Congress created the Federal Housing Administration in 1934 as a way to increase homeownership by making mortgages more accessible to low-income families. Today the Federal Housing Administration serves not only low-income, but also middle-income borrowers. The Federal Housing Administration provides this mortgage insurance through its Mutual Mortgage Insurance Fund, which is entirely funded by borrower insurance premiums. A mortgage insured by the Federal Housing Administration is called an FHA loan. The Federal Housing Administration has insured tens of millions of loans in the decades since it was created and insures several million today. The Federal Housing Administration competes with several private mortgage insurers, but it is larger than all of these.
Rate this Federal Housing Administration definition...
|
|
|
|
 |
Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day. |
|
Popular Terms: in escrow, stock split, deferred revenue, implied volatility, cancelled check, FICO score, wholly-owned subsidiary, required rate of return, phantom income, 401a, risk management, average price per share, annual return, margin rate, 144a, ex-dividend, 1031 exchange, ex-dividend date, class C shares, covered put, liquidity ratio, retained earnings, debt service coverage, VIX, current ratio, open position, diluted share, option premium, balance sheet, limit order, deferred tax, inflation, reverse mortgage, 1035 exchange, FTSE, LIBOR, per diem, dividends payable, stock market close, irrevocable trust, Key Rate Duration, APR, real GDP, EBITDA, minority interest, labor relations, Zero Cost Collar, quality assurance, command economy
|
|
| |
