divorce: Federally Insured Mortgage Loans and Divorce Situations
- 06/07/16 03:49 AM
Federally Insured Mortgage Loans and Divorce Situations Jody Bruns A FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan which is provided by a FHA-approved lender. FHA insured loans are a type of federal assistance and have historically allowed lower income Americans to borrow money for the purchase of a home that they would not otherwise be able to afford. The program originated during the Great Depression of the 1930s, when the rates of foreclosures and defaults rose sharply, and the program was intended to provide lenders with sufficient insurance. Some FHA programs were subsidized by the government, but … (2 comments)
Federally Insured Mortgage Loans and Divorce Situations
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