Federal Housing Administration

Thesaurus

Noun

Federal Housing Administration - the federal agency in the Department of Housing and Urban Development that insures residential mortgagesFHADepartment of Housing and Urban Development, Housing and Urban Development, HUD - the United States federal department that administers federal programs dealing with better housing and urban renewal; created in 1965bureau, federal agency, government agency, agency, office, authority - an administrative unit of government; "the Central Intelligence Agency"; "the Census Bureau"; "Office of Management and Budget"; "Tennessee Valley Authority"

Federal Housing Administration

Federal Housing Administration (FHA)

Federally sponsored agency chartered in 1934 whose stock is currently owned by savings institutions across the United States. The agency buys residential mortgages that meet certain requirements, sells these mortgages in packages, and insures the lenders against loss.

Federal Housing Administration

An agency of the United States federal government responsible for encouraging homeownership. It does this primarily by providing insurance to private mortgage lenders. It finances its activities by buying mortgages from the lender, repackaging them as mortgage-backed securities, and re-selling them. It also makes mortgage loans directly. It was established in 1934.

Federal Housing Administration (FHA)

A government-sponsored organization insuring mortgage loans made by private lenders.

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

noun

Synonyms for Federal Housing Administration

noun the federal agency in the Department of Housing and Urban Development that insures residential mortgages

Synonyms

Related Words

Department of Housing and Urban Development
Housing and Urban Development
HUD
bureau
federal agency
government agency
agency
office
authority