The Federal Housing Administration (FHA) is a U.S. agency offering mortgage insurance to FHA-approved lenders that meet specific qualifications. Mortgage insurance protects lenders against losses from mortgage defaults. If a borrower defaults on a loan, the FHA pays the lender a specified claim.
The federal housing administration (FHA) is a united states government agency created in part by the National Housing Act of 1934. The FHA sets standards for construction and underwriting and insures loans made by banks and other private lenders for home building.
We are still no closer to defining the role of government-backed mortgage insurance provided by the Federal Housing Administration (FHA). Housing reform that reduces taxpayer risk is a hot topic; however, we seldom include the FHA’s role in the discussion.
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Definition of federal housing administration in the Definitions.net dictionary. Meaning of federal housing administration. What does federal housing administration mean? Information and translations of federal housing administration in the most comprehensive dictionary definitions resource on the web.
Federal Housing Administration, generally known as FHA, is a division of Department of Housing and Urban Development that provides mortgage insurance on loans originated by FHA-approved lenders.