FHA

A division of the U.S. Department of Housing and Urban DevelopmentA federal govern-ment agency responsible for managing many of the nation's housing programs and for that insures mortgageIncludes all forms of debt for which real property, that is, land and/or buildings, is given as security. loans.

FHA

Federal Housing Administration; established in 1934 to advanceTransfer of funds from a lender to a borrower in advance on a loan. homeownership opportunities for all Americans; assists homebuyers by providing mortgage insuranceMoney paid to insure the lender against loss due to foreclosure or loan default. Mortgage insurance to lenders to cover(1) Purchasing futures to offset a short position (same as Short Covering); see Offset, Liquidation; most losses that may occur when a borrowerPerson responsible for repaying a loan who has signed and agreed to the terms in the promissory note. defaults; this encourages lenders to make loans to borrowers who might not qualify for conventional mortgages

FHA

Federal Housing Administration; established in 1934 to advanceTransfer of funds from a lender to a borrower in advance on a loan. homeownership opportunities for all Americans; assists homebuyers by providing mortgage insuranceMoney paid to insure the lender against loss due to foreclosure or loan default. Mortgage insurance to lenders to cover(1) Purchasing futures to offset a short position (same as Short Covering); see Offset, Liquidation; most losses that may occur when a borrowerPerson responsible for repaying a loan who has signed and agreed to the terms in the promissory note. defaults; this encourages lenders to make loans to borrowers who might not qualify for conventional mortgages.

FHA

See: Federal Housing AdministrationFHA was created by an act of Congress in 1934. Currently operating as a division of the US Department.