FHA by FRANCISCO QUEZADA

Federal Housing Administration

299793 — 2016-01-13 00:27:48 UTC

299793 — 2016-01-13 00:30:21 UTC

299793 — 2016-01-13 00:31:06 UTC

299793 — 2016-01-13 00:31:44 UTC

What was the goal of this program?

299793 — 2016-01-13 00:32:09 UTC

The FHA provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals.

Do you think this program was successful? Why or why not?

299793 — 2016-01-13 00:32:48 UTC

Yeah i think FHA was a successful program because between 1950-70s the FHA helped to spark the production of millions of units of privately-owned apartments for elderly, handicapped and lower income Americans. When things went down the FHA kept cash strapped houses alive. So basically the FHA helped people

Do you think this program was a responsible use of federal funding? Why or why not?

299793 — 2016-01-13 00:33:26 UTC

The FHA provides a huge economic stimulation to the country in the form of home and community development, which trickles down to local communities in the form of jobs, building suppliers, tax bases, schools, and other forms of revenue. So yes the FHA was Responsible for federal funding.

Why might some people have been critical of the program you were assigned?

299793 — 2016-01-13 00:34:45 UTC

Some people might have been critical about it because when the FHA was first created, two million construction workers lost there jobs, terms were difficult to meet for homebuyers seeking mortgages, Mortgage loan terms were limited to 50 percent of the property's market value, with a repayment schedule spread over three to five years and ending with a balloon payment, and America was primarily a nation of renters. Only four in 10 households owned homes.

299793 — 2016-01-13 00:48:25 UTC

299793 — 2016-01-13 00:53:08 UTC