Federal Housing Administration
| Noun | 1. | Federal Housing Administration - the federal agency in the Department of Housing and Urban Development that insures residential mortgages |
| 单词 | federal housing administration | |||
| 释义 | Federal Housing Administration
Federal Housing AdministrationFederal Housing AdministrationFederal Housing AdministrationFederal Housing Administration (FHA)Federal Housing AdministrationFederal Housing Administration (FHA)Federal Housing Administration (FHA).The Federal Housing Administration (FHA) was established by the federal government in 1937 to make home ownership possible for more people and to administer the home loan insurance program. It was consolidated into the Department of Housing and Urban Development (HUD) in 1965. Among its other responsibilities, the FHA sets credit standards and loan limits, monitors loan quality and availability, and insures lenders against mortgage losses. That insurance, for which borrowers pay a mortgage insurance premium, encourages qualifying lenders to make FHA loans. Federal Housing Administration (FHA)Created by Congress in 1934 and later added to the Department of Housing and Urban Development's (HUD) Office of Housing in 1965. The FHA (www.fha.gov) says it is the only government agency that is entirely self-supporting and receives no taxpayer funds at all. It provides mortgage insurance on loans made by FHA-approved lenders, making those loans risk-free for the originators. Federal Housing Administration
Synonyms for Federal Housing Administration
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