Sunday, December 17th 2017

Question

What is the FHA and what do they do?

Interesting Question?   (7)   (6)



Answers (1)

9th Dec 2009 by Gary

The Federal Housing Administration or FHA insures mortgages for lenders who are approved by the organization. Insurance includes residential single and multifamily homes, along with hospitals and manufactured homes. What the FHA insurance offers is protection against losses in case a homeowner defaults on the mortgage. While it doesn't eliminate all risk, it does reduce the risk to the lender, allowing them to offer homes to buyers not as strong as in the prime mortgage market.

Like This Answer?   (1)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com



1st Dec 2009 In USA 1 Answers | 646 Views
Subjects: fha,

Answer This Question / Give Your Opinion
What is the FHA and what do they do?


Answer: *

What country is this answer relevent to? *
Your Name: *

Enter Verification Number: *


Give Your Opinion
What is SPG?
Share a simple answer to help inform others:
Specific to any country?
First name / Alias

• Your answer will be posted here:
What is SPG?
Unanswered Questions in USA
What are the different types of Regions credit cards?
What are the different types of Comerica home loans?
What are the different types of Teachers Credit Union home loans?
Where to get 1099 form?
Who are the major mortgage lenders in Los Angeles?

Answered Questions in USA
What is wall street?
Which is the best brokerage firm in the USA?
Which banks received tarp funds?
what is a bad credit score?
Which banks are best?
Ask A Question
Get opinions on what you want to know:
Specific to any country?