FinancingEASY
The federal government insures mortgages through:
Correct Answer
C) FHA
The Federal Housing Administration (FHA) insures mortgages made by approved lenders. Fannie Mae and Freddie Mac are government-sponsored enterprises that purchase and guarantee mortgages but don't insure them. The VA guarantees loans for veterans.
Answer Options
A
Fannie MaeB
Freddie MacC
FHAD
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Related Topics & Key Terms
Related Topics:
federal-housing-administration-loansgovernment-sponsored-enterprisesmortgage-insurance-premiums
Key Terms:
FHAmortgage insuranceFannie MaeFreddie Macgovernment-sponsored enterprise
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