FHA insured

FHA insured

A single-family or multifamily mortgage loan that is insured by the Federal Housing Authority. If the borrower defaults, the FHA will either pay the lender the insurance proceeds, up to the balance remaining on the loan after foreclosure, or it will pay the loan in full and take an assignment of the collateral.

References in periodicals archive ?
Borrowers with existing FHA insured mortgages may continue to utilize FHA's Streamline refinance program regardless of their loan balance.
Greystone has originated in excess of $30 million of FHA insured loans for two multifamily properties located in Texas and Tennessee.
The $18 million, 34-year, fully amortizing FHA insured 223(f) L[degrees]an refinanced College Towne West Apartments in Lansing, Michigan.
Department of Housing and Urban Development have announced a joint consumer education initiative highlighted by a new brochure, FHA Improvements Benefit You: FHA Insured Mortgages.
According to GAO, nearly half of all single-family home purchase loans the FHA insured included downpayment support, and almost one-third of those loans involve funds from the seller, often channeled through nonprofit organizations.
HUD says the rule just strengthens regulations concerning the responsibilities of lenders in the selection of appraisers to perform appraisal on properties that will be security for FHA insured mortgages.
In 1994, the FHA insured 686,000 new mortgages for the purchase of single-family homes.
NEW YORK -- Fitch Ratings affirms the 'AA' rating assigned to the $145,000 outstanding Hinesville Leased Housing Corp FHA Insured Mortgage Loan (Baytree Apartments) Mortgage Revenue Refunding Bonds Series 1992.
He will provide sales support and technical assistance to Arbor's sales staff nationwide to develop FHA insured financing opportunities.
Czerwinski stated: "During fiscal year 1999 alone, FHA insured 1.
74% of the pool represents FHA insured loans and 14.
The trust consists primarily of one- to four-family, adjustable- and fixed-rate mortgage loans, FHA insured and VA guaranteed mortgage loans, manufacturing housing installment contracts or installment loan agreements secured by first liens, second liens, or third liens on residential real properties.