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 ?
27 June 2013 -- New York-based multifamily and healthcare mortgage loan provider Greystone said that it has originated in excess of USD 30m of FHA insured loans for two multifamily properties located in Texas and Tennessee.
Secretary Donovan squarely put the blame on the poor quality of loans FHA insured in earlier years, especially during 2007-2009.
From this information, a binary dependent variable is created at the loan level (FHA_LOAN), coded 1 if the loan is FHA insured at origination, else zero.
He is a Vietnam era veteran and specializes in government loans, including VA Guaranteed Home Loans, FHA Insured Home Loans and USDA Guaranteed Home Loans.
value over the lives of all the outstanding mortgages that FHA insured.
This collateral structure allows FHA Insured Mortgage Bonds to be rated on the basis of the FHA's creditworthiness rather than that of the hospital, which can mean lower interest rates and more spending power for your healthcare facility.
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.
The increase in FHA insured loan limits is expected to help reverse a national decline in multifamily housing construction.
In addition, the FHA insured a relatively large proportion of mortgages having very high loan-to-value ratios--mortgages that tend to have relatively high default and loss severity rates.
Application for an FHA insured loan is a three-step process: (1) a site analysis and market appraisal, (2) a conditional commitment, (3) a firm commitment.
Updating and clarifying the MAP guide supports an estimated $11 billion of FHA insured lending each year.