Sentences with phrase «mortgages something insures»

Losses of more than $ 50 billion on mortgages it insured as the housing bubble burst caused it to take a taxpayer subsidy of $ 1.7 billion last year, the first in its 80 - year history.

We will review down payment assistance (DPA) programs to determine whether you can use them in conjunction with Home Possible mortgages we insure.

The FHA does not give money to people for a house and it doesn't set the interest rates on mortgages it insures.

FHA does not provide direct financing nor does it set the interest rates on the mortgages it insures.

FHA is required by law to maintain capital reserves of at least 2 % of the total value of the mortgages it insures.

Their lending standards are all - powerful because the mortgages they insure can typically be securitized and turned into what, in effect, is an obligation of the U.S. government.

FHA is prohibited by federal law from permanently reducing the principal balance on the mortgages it insures, but the agency allows up to 30 % of the balances to deferred (and not accrue interest) until the properties are sold.

Shortly thereafter, Fannie Mae and Freddie Mac issued their own termination rules covering mortgages that they had purchased, and the Federal Housing Administration established termination rules applicable to the mortgages it insures.