Federal Housing Administration (FHA)
Definition
The FHA is a government agency created in 1934 to stimulate the housing market by making loans accessible and affordable for people with less than stellar or no credit history.
Related terms
Subprime Mortgage Crisis: A nationwide banking emergency that coincided with the U.S. recession of December 2007 – June 2009 triggered by an increase in home foreclosures due to high-risk mortgage lending practices.
Mortgage-backed securities (MBS): Type of investment security that represents claims on the cash flows from pools of mortgage loans, most commonly on residential property.
Home Owners' Loan Corporation (HOLC): A government-sponsored corporation created as part of the New Deal which provided refinancing options for homeowners facing foreclosure.
"Federal Housing Administration (FHA)" appears in:
Study guides (2)
AP US History - 7.10 The New Deal
AP US History - 8.4 Economy after 1945
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About Us
About Fiveable
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Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Cram Events
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Crisis Text Line
Help Center
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.