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 millerja9
Joined: 19 Jun 2009
Posts: 100
0.00 Dollars($)
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 Posted: Sat Sep 12, 2009 2:00 am Post subject: HOW IS THE FHA FUNDED? |
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| HOW IS THE FHA FUNDED? |
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smithsara302
Joined: 12 Jun 2009
Posts: 116
-0.16 Dollars($)
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| Posted: Sat Sep 12, 2009 2:27 am Post subject: |
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Lender claims paid by the FHA mortgage insurance program. These funds are drawn from the Mutual Mortgage Insurance.
Borrowers pay insurance and from that paid insurance this fund is established.No tax dollars are used for the fund. |
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lovegreg77
Joined: 03 Sep 2009
Posts: 34
0.00 Dollars($)
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| Posted: Sat Sep 12, 2009 10:24 am Post subject: |
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fha does not provide mortgage to individuals. however the provide necessary gyarantee to lender against mortgage.
PMI in case of FHAloan is 1.75%. it is the major source of income for FHA |
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simonhovell
Joined: 03 Sep 2009
Posts: 36
-0.12 Dollars($)
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| Posted: Sat Sep 12, 2009 11:38 am Post subject: |
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| yes FHA is like a coommon pool which is managed by all who wants to have their own house |
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pettybob1
Joined: 07 Sep 2009
Posts: 37
0.24 Dollars($)
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| Posted: Sun Sep 13, 2009 6:20 am Post subject: |
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| Lender claims paid by the FHA mortgage insurance program are drawn from the Mutual Mortgage Insurance fund. This fund is made up of premiums paid by FHA-insured loan borrowers. No tax dollars are used to fund the program. |
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leeelliot61
Joined: 13 Sep 2009
Posts: 188
-0.07 Dollars($)
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| Posted: Sun Sep 13, 2009 8:28 am Post subject: |
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FHA is not funding mortgage to individuals. they are just providing guarantee to those who are willing to have affordable house & have good credit history.
in case of any default FHA is answerable to make payment of deficit |
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catharin9
Joined: 14 Jul 2009
Posts: 169
-0.07 Dollars($)
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| Posted: Sun Sep 20, 2009 10:17 am Post subject: |
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