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Glossary of Terms > F > FEDERAL HOUSING ADMINISTRATION (FHA)

FEDERAL HOUSING ADMINISTRATION (FHA)

An agency of the U.S. Department of Housing and Urban Development (HUD). Its main activity is providing insurance for residential mortgage loans made by private lenders. The FHA sets standards for underwriting and construction but does not lend money or plan / physically develop housing.

F Terms

FAIR MARKET VALUE (FMV)

FANNIE MAE (FNMA)

FEDERAL EMERGENCY MANAGEMENT AGENCY

FEDERAL HOUSING ADMINISTRATION (FHA)

FEDERAL RESERVE

FHA MORTGAGE

FIRST MORTGAGE

FIXED-RATE MORTGAGE

FLIPPING

FLOOD INSURANCE

FOR SALE BY OWNER

FORECLOSURE

FREDDIE MAC