The Federal Housing Administration (FHA) is a HUD agency that insures loans made by approved lenders to encourage homeownership, especially among lower-income individuals and first-time homebuyers.
Freddie Mac, formally known as the Federal Home Loan Mortgage Corporation, is a government-sponsored entity that plays a crucial role in the American mortgage market.
Mortgage bonds are tax-exempt securities issued by municipal and state authorities to provide low-interest-rate mortgage loans to qualified individuals, primarily first-time home buyers with moderate income.
Understanding non-conforming mortgages, their characteristics, implications, and how they differ from conforming loans. Learn why some mortgages cannot be sold to Fannie Mae or Freddie Mac and explore the financial impacts.
