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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%.While fha is a prominent participant in the home purchase mortgage loan market, it is not the major source of loans to ... was not intended to determine with certainty how many of fhaa#39;s borrowers would have qualified for a privately insured loan.

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


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