FHA


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FHA

Federal Housing Administration, a U.S. governmental agency regulating federal housing policy.
Illustrated Dictionary of Architecture Copyright © 2012, 2002, 1998 by The McGraw-Hill Companies, Inc. All rights reserved

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.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
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(16) The goal for the FHA Section 203(b) mortgage insurance program was to make housing and mortgages more affordable and to mitigate fragilities in mortgage finance.
At the outset, the FHA government insurance program was designed to support mortgage lending in the private sector.
In addition to the direct benefit for FHA borrowers, home sellers gained from the induced increase in constant-quality home prices in areas with a sizable FHA presence.
Golding noted, "Clarifying that we are interested only in errors that would have altered a decision to approve the loan should put to rest any confusion regarding FHA compliance policy."
Partially in response to pressure from lenders and fair housing organizations, the FHA lowered the premium it charged most of its borrowers in January to 0.85% from 1.35%, a move the Obama administration said would enable more first time buyers to enter the market.
To assist some of these underserved people, the FHA began to increase its lending at the end of 2007, regaining market share which eventually peaked at 43.8 percent of mortgage market originations in November of 2009.
21, new FHA mortgages will require lenders to collect interest only on the balance remaining on the date of closing for a home sale or refinancing.
The most noteworthy detection of XRD spectra of FHA samples was the shift of 2[theta] positions for (3 0 0), (4 1 0) planes to higher diffraction angles and for (0 0 2), (0 0 4) planes to lower diffraction angles as compared with the JCPDS values for pure HA [2,12].
"The ultimate need will be borne out in the actual performance of the FHA single-family program over the course of the fiscal year, and will be impacted by the steps FHA takes over the course of the year to increase revenue or reduce losses," Galante said.
The FHA has struggled to meet its reserve requirements for years.
The FHA currently backs an activity portfolio of more than one trillion dollars.