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Reviews the role of the Federal Housing Admin. (FHA) in providing mortgage credit to home buyers. Specifically, this report discusses: (1) the terms of the mortgage insurance offered by FHA, private mortgage insurers, and the U.S. Dept. of Veterans' Affairs; (2) the characteristics of borrowers of insured mortgages and the overlap between FHA-insured mortgages and privately insured mortgages; and (3) other methods used by the federal government to promote affordable homeownership. Of the 3.5 million home purchase loans made in 1994, FHA insured 15%.Finance. Participants. The Federal government also promotes affordable homeownership through requirements that it places ... Specifically, the Community Reinvestment Act encourages certain lenders to meet the credit needs of the areas that they ... The cra is limited to depository institutions, such as banks and thrifts.

Author:DIANE Publishing Company
Publisher:DIANE Publishing - 1996-12-01


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