The Role of FHA Mortgage Insurance in Revitalizing Latino homeownership
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The Federal Housing Administration (FHA) mortgage insurance program is an important tool for Congress and the administration to directly help families rebuild their financial future. Nationwide, millions of families are relying on FHA to purchase their first home or help them avoid foreclosure. While the increase in claim rates against the FHA insurance fund is causing concern, the fact that FHA is fulfilling one of its primary roles in the market by stepping in to lend where others will not is essential.