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The Federal Housing Administration does not
Upfront and Monthly
40% ; 50%
make loans but insures the loans from private lenders
Subprime
Neglect of examining whether barrowers could make payments on loans classified as affordable
Fixed rate payments of 15 or 30 years
True
increased construction and building projects
How did HUD helped fuel risky lending?
Upfront and Monthly
40% ; 50%
make loans but insures the loans from private lenders
Subprime
Neglect of examining whether barrowers could make payments on loans classified as affordable
Fixed rate payments of 15 or 30 years
True
increased construction and building projects
What is the two kinds of insurance premiums
Upfront and Monthly
40% ; 50%
make loans but insures the loans from private lenders
Subprime
Neglect of examining whether barrowers could make payments on loans classified as affordable
Fixed rate payments of 15 or 30 years
True
increased construction and building projects
In an effort to increase home ownership among all racial and economic groups, regulation pushed increased “___” lending to lower income families
Upfront and Monthly
40% ; 50%
make loans but insures the loans from private lenders
Subprime
Neglect of examining whether barrowers could make payments on loans classified as affordable
Fixed rate payments of 15 or 30 years
True
increased construction and building projects
The Federal Housing Administration was founded in the early 1930’s. Home ownership in the U.S. was under___due to the strict requirements of having a___downpayment.
Upfront and Monthly
40% ; 50%
make loans but insures the loans from private lenders
Subprime
Neglect of examining whether barrowers could make payments on loans classified as affordable
Fixed rate payments of 15 or 30 years
True
increased construction and building projects
Although the FHA advocated for equal opportunity, many minorities remained disadvantaged until the HUD came to pass with a wide array of civil rights laws
Upfront and Monthly
40% ; 50%
make loans but insures the loans from private lenders
Subprime
Neglect of examining whether barrowers could make payments on loans classified as affordable
Fixed rate payments of 15 or 30 years
True
increased construction and building projects
How was FHA was able to stimulate the economy?
Upfront and Monthly
40% ; 50%
make loans but insures the loans from private lenders
Subprime
Neglect of examining whether barrowers could make payments on loans classified as affordable
Fixed rate payments of 15 or 30 years
True
increased construction and building projects
A pro of having and FHA loan is
Upfront and Monthly
40% ; 50%
make loans but insures the loans from private lenders
Subprime
Neglect of examining whether barrowers could make payments on loans classified as affordable
Fixed rate payments of 15 or 30 years
True
increased construction and building projects
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