FEDERAL HOUSING ADMINISTRATIONS INSURANC (Housing Issues, Laws and Programs) - Softcover

LAGOS, JAIME M

 
9781626188617: FEDERAL HOUSING ADMINISTRATIONS INSURANC (Housing Issues, Laws and Programs)
Softcover
ISBN 10: 1626188610 ISBN 13: 9781626188617

Synopsis

The Federal Housing Administration (FHA) was created by the National Housing Act of 1934 in order to broaden home-ownership, protect lending institutions, and stimulate the building industry. The FHA does not make mortgage loans. Rather, it insures mortgage loans made by private lenders that meet certain underwriting and other criteria, thereby expanding the availability of mortgage credit beyond what may be available otherwise. If the borrower defaults on the mortgage, the FHA will repay the lender the remaining amount owed. While the FHA insures a range of mortgage types, including multifamily properties and hospital facilities, this book focuses on the FHA's single-family insurance program.

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Publication date
2013
Language
English
ISBN 10 
1626188610
ISBN 13 
9781626188617
Binding
Paperback
Number of pages
1