Homeownership: FHA's Role in Helping People Obtain Home Mortgages

Homeownership: FHA's Role in Helping People Obtain Home Mortgages
ISBN-10
0788136682
ISBN-13
9780788136689
Pages
120
Language
English
Published
1996-12-01
Publisher
DIANE Publishing
Author
DIANE Publishing Company

Description

Reviews the role of the Federal Housing Admin. (FHA) in providing mortgage credit to home buyers. Specifically, this report discusses: (1) the terms of the mortgage insurance offered by FHA, private mortgage insurers, and the U.S. Dept. of Veterans' Affairs; (2) the characteristics of borrowers of insured mortgages and the overlap between FHA-insured mortgages and privately insured mortgages; and (3) other methods used by the federal government to promote affordable homeownership. Of the 3.5 million home purchase loans made in 1994, FHA insured 15%.

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