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Federal Housing Administration

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Federal Housing Administration
An agency of the government of the US. which insures loans made by private lending institutions for the purchase, rehabilitation, or construction of housing on private property.


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The Federal Housing Administration has seen its reserve fund dip to a seven-year low, according to the Washington Post, based on a review of the organization's finances.
With much of the rest of the mortgage industry in disarray, the Federal Housing Administration has found itself occupying an expanded market niche.
But now, under a program announced May 29, the Federal Housing Administration will be the one forking over money at closing.
 
 
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