What does federal housing administration mean?
Definitions for federal housing administration
fed·er·al hous·ing ad·min·is·tra·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word federal housing administration.
Princeton's WordNet
Federal Housing Administration, FHAnoun
the federal agency in the Department of Housing and Urban Development that insures residential mortgages
Wikipedia
Federal Housing Administration
The Federal Housing Administration (FHA), also known as the Office of Housing within the Department of Housing and Urban Development (HUD), is a United States government agency founded by President Franklin Delano Roosevelt, created in part by the National Housing Act of 1934. The FHA insures mortgages made by private lenders for single-family properties, multifamily rental properties, hospitals, and residential care facilities. FHA mortgage insurance protects lenders against losses. If a property owner defaults on their mortgage, FHA pays a claim to the lender for the unpaid principal balance. Because lenders take on less risk, they are able to offer more mortgages. The goal of the organization is to facilitate access to affordable mortgage credit for low- and moderate-income and first-time homebuyers, for the construction of affordable and market rate rental properties, and for hospitals and residential care facilities in communities across the United States and its territories. It is different from the Federal Housing Finance Agency (FHFA), which supervises government-sponsored enterprises. Dana T. Wade was confirmed by the U.S. Senate on July 28, 2020 as the FHA Commissioner and resigned on January 20, 2021. The FHA is currently led by a Senior Official Performing the Duties of Assistant Secretary and Commissioner, Lola Kolluri.
ChatGPT
federal housing administration
The Federal Housing Administration (FHA) is a United States government agency under the Department of Housing and Urban Development (HUD) which was created in 1934 to stimulate the housing market by making loans accessible and affordable. It provides mortgage insurance on loans made by approved lenders, aiming to help low-to-moderate income individuals achieve homeownership. The FHA also sets standards for construction and underwriting.
Wikidata
Federal Housing Administration
The Federal Housing Administration is a United States government agency created as part of the National Housing Act of 1934. It insured loans made by banks and other private lenders for home building and home buying. The goals of this organization are to improve housing standards and conditions, provide an adequate home financing system through insurance of mortgage loans, and to stabilize the mortgage market. The Commissioner of the FHA is Carol Galante. It is different from the Federal Housing Finance Agency, which supervises government-sponsored enterprises.
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Numerology
Chaldean Numerology
The numerical value of federal housing administration in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of federal housing administration in Pythagorean Numerology is: 4
Examples of federal housing administration in a Sentence
The Black/White homeownership gap is as large as The Black/White homeownership gap was when Federal Housing Administration was passed, addressing appraisal bias/housing discrimination is only one piece of a larger puzzle of reforms that are needed, but it's an important component of addressing systemic racism in housing.
The subprime problems are now creating massive issues on Wall Street, it's a serious problem affecting our housing market and millions of hard working families. So what are some of the things we need to do? We need to expand the role of the (Federal Housing Administration) to issue more mortgages at better rates to these homeowners. We need to give consumers more counseling and information, prevent families from being trapped in high interest loans with pre-payment penalties and in some cases, allow more breathing room from foreclosure.
... Although a number of similar situations have been reported by the media, there are few filed cases that include these types of claims under the Federal Housing Administration.
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"federal housing administration." Definitions.net. STANDS4 LLC, 2024. Web. 23 Apr. 2024. <https://www.definitions.net/definition/federal+housing+administration>.
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