The Federal Housing Administration's Insurance Program for Home Loans

The Federal Housing Administration's Insurance Program for Home Loans

by Jaime M. Lagos

Paperback

$52.00
Eligible for FREE SHIPPING
  • Want it by Friday, October 19  Order now and choose Expedited Shipping during checkout.

Overview

The Federal Housing Administration's Insurance Program for Home Loans by Jaime M. Lagos

The Federal Housing Administration (FHA) was created by the National Housing Act of 1934 in order to broaden homeownership, 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.

Product Details

ISBN-13: 9781626188617
Publisher: Nova Science Publishers, Incorporated
Publication date: 09/30/2013
Series: Housing Issues, Laws and Programs Government Procedures and Operations
Pages: 139
Product dimensions: 6.00(w) x 8.80(h) x 0.40(d)

Customer Reviews

Most Helpful Customer Reviews

See All Customer Reviews