Fha Single-Family Mortgage Insurance: Recent Policy Changes And Proposed Legislation (Crs Reports)

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Series: CRS Reports
Paperback: 26 pages
Publisher: CreateSpace Independent Publishing Platform; R43531 edition (January 29, 2015)
Language: English
ISBN-10: 9781507868355
ISBN-13: 978-1507868355
ASIN: 1507868359
Product Dimensions: 8.5 x 0.1 x 11 inches
Format: PDF Text TXT book

The Federal Housing Administration (FHA), an agency of the Department of Housing and Urban Development (HUD), insures private mortgage lenders against losses on eligible mortgages. If a borrower defaults on an FHA-insured mortgage, FHA will repay the lender the remaining amount owed. FHA insurance is intended to encourage lenders to offer mortgages to households who might otherwise have difficulty...

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