Federal Housing Administration's Insurance Program for Home Loans
Book Details
Format
Paperback / Softback
ISBN-10
1626188610
ISBN-13
9781626188617
Publisher
Nova Science Publishers Inc
Imprint
Nova Science Publishers Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Jun 19th, 2013
Print length
97 Pages
Weight
208 grams
Dimensions
21.80 x 14.40 x 0.80 cms
Product Classification:
Property & real estateHousing law
Ksh 15,300.00
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The Federal Housing Administration (FHA) was created by the National Housing Act of 1934 in order to broaden home-ownership, 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.
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