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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

An agency of the United States federal government responsible for encouraging homeownership. It does this primarily by providing insurance to private mortgage lenders. It finances its activities by buying mortgages from the lender, repackaging them as mortgage-backed securities, and re-selling them. It also makes mortgage loans directly. It was established in 1934.


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.


See Federal Housing Authority.

References in periodicals archive ?
Golding wrote that the loan-level certification final rule also removes references to the pre-endorsement review requirement and makes the certification consistent with policies in the updated FHA Handbook.
I frequently hear appraisers claim that the FHA is trying to turn appraisers into home inspectors, but nothing could be further from the truth.
The department also reported the FHA had a reserve ratio of around 3% in 2008, but in 2013 it needed a $1.
To answer this question, we check if the composition of after-crisis FHA originations resembles the pre-crisis subprime market in terms of borrowers' credit scores.
FHA also plays an outsized role in the reverse mortgage market for seniors 62 and older.
The extent of fluoride doping (x) into the calcined (at 900[degrees]C) FHA was calculated using the mass % data of Ca and F as obtained by EDS (Energy dispersive spectroscopy).
The second section then describes recent empirical work I have conducted that shows just how influential this risk is in determining default and explains why FHA still does not effectively control for it.
The FHA, a unit of the Department of Housing and Urban Development, provides liquidity to the housing market by insuring lenders against losses on loans.
Although FHA requirements were considered quite radical and risky at the time, the agency's initial loan requirements would be viewed as rather stringent under today's standards.
The next section provides a summary background discussion of the FHA mission and enters the debate on FHA market share erosion.
The new loan ceilings in hundreds of markets are at the core of the compromise: They raise the maximum FHA loan amount in all areas of the country to 125 percent of the local median home-sale price, while leaving Fannie Mae's and Freddie Mac's limit at 115 percent of the median.
Our new FHA Connection interface gives customers the advantage of completing critical steps in the FHA lending process without exiting our system," Avista Solutions CEO Mark Phlieger said.