The main purpose of FHA is to:
a. promote home rentals by guaranteeing loans made by approved lenders.
b. promote home ownership by guaranteeing loans made by approved lender.
c. promote home ownership by insuring loans made by approved borrowers.
d. promote home ownership by insuring loans made by approved lenders.
Answer: d. promote home ownership by insuring loans made by approved lenders.
You might also like to view...
Against your better judgment, you lend $100 to your cousin Manny, who has a reputation for failing to pay back loans. What kind of risk are you taking?
(A) A credit risk (B) A time risk (C) A liquidity risk (D) An inflation rate risk
When developing a communication for those who may not be comfortable with your language, what could make the communication easier to understand for the receiver?
A) Industry jargon B) Words with several meanings C) Long paragraphs D) Limited transitions E) Short, plain words