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How did HUD helped fuel risky lending?
Neglect of examining whether barrowers could make payments on loans classified as affordable
40% ; 50%
1934
make loans but insures the loans from private lenders
Fixed rate payments of 15 or 30 years
Upfront and Monthly
Discrimination in Housing Markets
True
What is the two kinds of insurance premiums
Neglect of examining whether barrowers could make payments on loans classified as affordable
40% ; 50%
1934
make loans but insures the loans from private lenders
Fixed rate payments of 15 or 30 years
Upfront and Monthly
Discrimination in Housing Markets
True
The Federal Housing Administration does not
Neglect of examining whether barrowers could make payments on loans classified as affordable
40% ; 50%
1934
make loans but insures the loans from private lenders
Fixed rate payments of 15 or 30 years
Upfront and Monthly
Discrimination in Housing Markets
True
A pro of having and FHA loan is
Neglect of examining whether barrowers could make payments on loans classified as affordable
40% ; 50%
1934
make loans but insures the loans from private lenders
Fixed rate payments of 15 or 30 years
Upfront and Monthly
Discrimination in Housing Markets
True
The Federal Housing Administration is the largest insurer of mortgages globally, insuring over 34 million mortages since its birth in
Neglect of examining whether barrowers could make payments on loans classified as affordable
40% ; 50%
1934
make loans but insures the loans from private lenders
Fixed rate payments of 15 or 30 years
Upfront and Monthly
Discrimination in Housing Markets
True
Since the birth of FHA, HUD has adopted five core missions EXCEPT
Neglect of examining whether barrowers could make payments on loans classified as affordable
40% ; 50%
1934
make loans but insures the loans from private lenders
Fixed rate payments of 15 or 30 years
Upfront and Monthly
Discrimination in Housing Markets
True
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.
Neglect of examining whether barrowers could make payments on loans classified as affordable
40% ; 50%
1934
make loans but insures the loans from private lenders
Fixed rate payments of 15 or 30 years
Upfront and Monthly
Discrimination in Housing Markets
True
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
Neglect of examining whether barrowers could make payments on loans classified as affordable
40% ; 50%
1934
make loans but insures the loans from private lenders
Fixed rate payments of 15 or 30 years
Upfront and Monthly
Discrimination in Housing Markets
True
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