| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,723,268,696 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Federal Housing Administration |
Also found in: Dictionary/thesaurus, Acronyms, Wikipedia | 0.01 sec. |
|
Federal Housing Administration (FHA) Federally sponsored agency chartered in 1934 whose stock is currently owned by savings institutions across the United States. The agency buys residential mortgages that meet certain requirements, sells these mortgages in packages, and insures the lenders against loss.
Federal Housing Administration (FHA). The Federal Housing Administration (FHA) was established by the federal government in 1937 to make home ownership possible for more people and to administer the home loan insurance program. It was consolidated into the Department of Housing and Urban Development (HUD) in 1965. Among its other responsibilities, the FHA sets credit standards and loan limits, monitors loan quality and availability, and insures lenders against mortgage losses. That insurance, for which borrowers pay a mortgage insurance premium, encourages qualifying lenders to make FHA loans. Federal Housing Administration (FHA) Created by Congress in 1934 and later added to the Department of Housing and Urban Development's (HUD) Office of Housing in 1965. The FHA (www.fha.gov) says it is the only government agency that is entirely self-supporting and receives no taxpayer funds at all. It provides mortgage insurance on loans made by FHA-approved lenders, making those loans risk-free for the originators. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
Prior to joining DBBM, Halpern held senior management positions with the Department of Housing and Urban Development (HUD) and Federal Housing Administration, including director of Housing Development for HUD's San Francisco Regional Office. In addition, a teacher who finances his or her mortgage through the Federal Housing Administration can buy a house with a down payment as low as $100. And in light of the $5 billion surplus for 2000 announced by the Federal Housing Administration (FHA), a second "National Call for Action on Housing" was sent this past September to Clinton; presidential candidates George W. |
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|