Housing Finance Case 6.2

Decent Essays
6.1.1.the difference between high, medium and low income, the development of different housing policies.
On high earners by the supply of commercial housing market; for middle-income earners, supply of public housing, government public housing development and construction enterprises to sub loan guarantees and interest subsidies preferential support and regulation public housing construction standards and cost; of low income, low standard of low-cost rental housing, rent not sell, rent more than family income by more than 25% of the part of the mountain of government subsidies.
6.1.2 housing finance support.
The Federal National Mortgage Association, the National Mortgage Association, and the Federal Housing Mortgage Association provide home

Related Documents

  • Great Essays

    Chcpa Case 5.07

    • 1295 Words
    • 6 Pages

    1. What CHPCA guiding principles did you see enacted? • GP1. Family focused – when Lee takes over providing Marvin, her father, with care after Bessie was not successful at finding a bone marrow donor. • GP4.…

    • 1295 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    The loan application form 1003 is a mortgage application form designed by Fannie Mae, explains Bankrate. The name of the mortgage application is the Uniform Residential Loan application, known as Fannie Mae Form 1003 and is the industry standard. The application includes detailed sections that help lenders determine a borrower’s creditworthiness and whether or not to lend them money, according to Bankrate. Some of the sections include the type of mortgage and the terms of the loan, the property type, the purpose of the loan such as financing for a primary residence or investment property and the borrower and co-borrowers information.…

    • 208 Words
    • 1 Pages
    Improved Essays
  • Improved Essays

    Q3 - Residential Tenancies Jeannette would be told that I am not a lawyer but the advice will be checked by a solicitor. As a paralegal I may be considered a paid worker delivering welfare services. Jeannette would be advised that if her lease is a fixed term agreement (FTA) that the landlord cannot evict her until the end of the lease (Residential Tenancies Act NSW (RTA) 2010 s86). However, Jeannette would need to determine if the agreement is fixed or periodic due to the discrepancies in the RTA and regulation. For example, a FTA that is more than 3 years must be approved by the Registrar-General for registration under the Real Property Act 1900.…

    • 643 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Fha's Appraisal System

    • 236 Words
    • 1 Pages

    The FHA followed HOLC and created a housing standards for the allocation of mortgage insurances or loans. FHA favors suburban development rather than the development of industrial areas. Therefore, inequality emerged in housing sphere. Unlike appraisal system of HOLC, FHA's appraisal system depended on the appraisers who measured the quality of residential areas according to eight categories: relative economic stability, protection from adverse influences, freedom from special hazards, adequacy of civic, social, and commercial centers, adequacy of transportation, sufficiency of utilities and conveniences, level of taxes and special assessments, and appeal. “The appraisal system of FHA allowed personal and agency bias in favor of all-white sub-divisions…

    • 236 Words
    • 1 Pages
    Improved Essays
  • Decent Essays

    Unit 18 P2 Section 18

    • 57 Words
    • 1 Pages

    Section 18 states, It is illegal for a business to engage in conduct that misleads or deceives or is likely to mislead or deceive consumers or other businesses. This law applies even if buyer did not intend to mislead or deceive anyone or no one has suffered any loss or damage as a result of buyerr…

    • 57 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    There was a long term American Policy of promoting home ownership. The main aim was to make the financing of a new home as easy as possible for the homebuyer. Overtime, various financial institutions have been set up to promote homeownership such as Fannie Mae (The Federal National Mortgage Association). This government sponsored enterprise (GSE) was founded during the great depression by Congress, its aim was to stimulate the housing market by making more mortgages available to moderate-to-low income borrowers. They do not originate or provide mortgages to borrowers, they purchase already issued mortgages off the mortgage originators and guarantees them via the secondary mortgage market.…

    • 444 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    For this situation, I would assume that I would already have the signed Location Agreement on hand, like Erika said. This would be helpful in case the storekeeper wants to back out of the agreement. Therefore, I would be able to show the document to them in order to explain that they had signed a contract. However, in order to keep the storekeeper happy, I would speak with the director to see if not blocking access to the store is possible. If it is possible, I would work with the crew and storekeeper to allow access to the shop.…

    • 509 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Fannie Mae Case

    • 659 Words
    • 3 Pages

    When the borrower gets his mortgage from a bank or other lending institution in order to finance his or her house purchase, this transaction is considered to belong to the Primary Market. At this point, the lender has a choice of either servicing the loan for the time equivalent to that loan duration (5, 10, 15, 20, 30 years or any other such term) or sell it to someone else. Some lenders decide that they want a steady and secured income coming from systematic, monthly payments from the borrower. They collect their income in the form of interest earned on the loan. The higher the loan and the longer the term of the loan, the higher the interest going to the lenders' pockets is.…

    • 659 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    The three most important aspects, I think, in the article are: Home Owners Loan Corporation (HOLC), how FHA encouraged racism and classism, Edgemoor Terrace. HOLC is important because it transformed how Americans can buy their homes; the law that worked so well that we are still using it 84 years later. Second, how FHA encouraged racism and classism; it’s interesting to see how even through something intangible, people can still be racist and classist. This is important because of this, “red lining” happened and is still happening. We can see how some neighborhoods are getting more funds to build better/newer playgrounds, schools, parks, and overall, just to make/keep the neighborhood looking good.…

    • 234 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Currently, the two most common mortgages are conventional and FHA. FHA is nothing more than a big insurance program for lenders. FHA is not lending you any money, they are just insuring the lender that you are obtaining your loan through against default. When choosing between an FHA and conventional mortgage you must ask yourself a few questions.... Is my credit good?…

    • 441 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    The Federal Housing Administration is a government loan program that grants mortgage companies and provides mortgage insurance on the loans extended by those lenders. If you want to have the foremost safeguard for your mortgage, getting a home loan from an FHA accredited entity can provide you with a certain level of safety. The FHA was founded out of necessity. It sets certain requirements and restrictions that loan providers should conform to eligible for the…

    • 76 Words
    • 1 Pages
    Improved Essays
  • Decent Essays

    Panam Mortgage is a mortgage lending agency that is located in New York City, New York. They also have an office in St. Petersburg, Florida. They're a full service mortgage broker. Panam Mortgage responds to and serves the needs of real estate professionals, builders, and individual home buyers. They also provide a special mortgage manager service for those who need to refinance their mortgage.…

    • 70 Words
    • 1 Pages
    Decent Essays
  • Superior Essays

    Board Of Education Dbq

    • 1780 Words
    • 8 Pages

    Resources are now available for individuals who don’t have the ability to get all the essentials to live comfortably. There are many assistance programs that followed the steps of HUD to provide housing opportunities. Individuals are able to go places and receive guidance and skills on how what to do in the areas of buying, renting, and even selling homes without being discouraged or turned away because their skin…

    • 1780 Words
    • 8 Pages
    Superior Essays
  • Improved Essays

    In the current state of the market it is becoming increasingly more difficult to find affordable housing. In fact, the price for developers to buy land has increased so much that fewer and fewer new housing projects are being started. This upsets the supply and demand of housing for a growing population, which in turn causes housing costs…

    • 392 Words
    • 2 Pages
    Improved Essays
  • Great Essays

    Public Housing Failure

    • 1807 Words
    • 8 Pages

    Public Housing in the United States has by many been considered to be a major failure. It has generally failed to provide its residents with a safe environment to live, and outside of the buildings often plagued with violence, segregation, lack of upward mobility, the failure to maintain the buildings for its residents, and unemployment have led to failure in the public housing system. While changes are being made to improve public housing and root out problems such as racism, and corruption within the housing authority, overwhelmingly the history of what was supposed to be a revolutionary way of living for urban poor, has been a failure. Due to the decline of the city at the time public housing arose, racism, and the failure of the federal…

    • 1807 Words
    • 8 Pages
    Great Essays