FEDERAL HOUSING ADMINISTRATION (FHA)


Meaning of FEDERAL HOUSING ADMINISTRATION (FHA) in English

Federally sponsored agency chartered in 1934 whose stock is currently owned by savings institutions over the United States. The agency buys existing residential mortgages that meet certain requirements, sells these mortgages in packages, and insures lenders against loss on the residential mortgages .

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.