Sentences with phrase «obtain affordable mortgage financing»
Since last summer, NAR has been arguing that proposals to use g - fee income from the two secondary mortgage market companies, Fannie Mae and Freddie Mac, to help cover costs of the bill would set a bad precedent and hurt home buyers» ability to obtain affordable mortgage financing.
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FHA's program, Section 251, insures adjustable rate mortgages (ARMs) which, particularly during periods when interest rates are high, enable borrowers to obtain mortgage financing that is more affordable by virtue of its lower initial interest rate.
One of these programs, Section 251, insures adjustable rate mortgages (ARMs) which, enable borrowers to obtain mortgage financing that is more affordable by virtue of its initial interest rate that is lower, particularly during periods when interest rates are high.
In this position, Stevens oversees the Federal Housing Administration, the federal government's principal agency for helping households obtain safe and affordable home mortgage financing.