Democrats will continue to work toward recovery; stabilizing the housing market is critical to that effort, and today's action to bolster the Federal Housing Administration
will help do just that.
Proposed legislation to raise the maximum mortgage amount that the Federal Housing Administration
can insure would expand homeownership opportunities for people living in high-cost areas and strengthen the financial soundness of the FHA fund.
The City and its non-profit partners will purchase homes in distressed communities that are owned by the Federal Housing Administration
as a result of the Asset Control Area agreement, a 1998 Congressional initiative whereby FHA sells its foreclosed homes in designated areas to municipalities and experienced non-profit developers at a discount.
WASHINGTON, July 20 /PRNewswire/ -- Tommy Thompson, president of the National Association of Home Builders (NAHB), today issued the following statement to correct the record on misinformation being disseminated to the media about proposed legislation that would allow the Federal Housing Administration
to insure larger loans under its mortgage insurance program:
As a newly-designated HUD lender, Bryco directly issues mortgage products insured by the Federal Housing Administration
FHA, Federal Housing Administration
, (a wholly owned government corporation), was established under the National Housing Act of 1934 to improve housing standards and conditions; to provide an adequate home financing system through insurance of mortgages; and to stabilize the mortgage market.
But it later moved to significantly expand that list to include courts, federal law-enforcement functions, Federal Housing Administration
loan processing, Medicare contract employees and claims processing, Medicaid payments to states, the National Institutes of Health, and the Centers for Disease Control.
CO: National Association of Realtors; Federal Housing Administration
ST: District of Columbia IN: FIN SU: ECO
Ann's Avenue, and Brookhaven I Apartments which includes four buildings located at 197, 205 Brook Avenue, 198 and 202 Brown Place, were originally financed by HDC in 1983 with Federal project-based Section 8 HAP (Housing Assistance Program) contracts and insured by the Federal Housing Administration
Helfant, president of the National Association of Realtors (NAR), in response to testimony on the Federal Housing Administration
(FHA) presented today by U.