Housing Finance: Characteristics of Borrowers of FHA-Insured Mortgages
(Briefing Report, 04/06/94, GAO/RCED-94-135BR).

The Federal Housing Administration (FHA), created during the Depression
to insure lenders against losses on home mortgages and to expand
opportunities for low- and moderate-income persons to buy homes, had
nearly $320 billion in mortgages outstanding as of September 1992.  FHA
insured 5.6 percent of all single-family mortgages made in 1992.  This
briefing report provides information on the characteristics of borrowers
with single-family home loans insured by FHA through its Mutual Mortgage
Insurance Fund.  GAO examines how the income, age, and race of borrowers
of FHA-insured mortgages and the location of their homes have changed
since the 1970s, when FHA first began collecting data on these
characteristics.

--------------------------- Indexing Terms -----------------------------

 REPORTNUM:  RCED-94-135BR
     TITLE:  Housing Finance: Characteristics of Borrowers of 
             FHA-Insured Mortgages
      DATE:  04/06/94
   SUBJECT:  Mortgage programs
             Demographic data
             Income statistics
             Mortgage loans
             Government guaranteed loans
             Urban development programs
             Low income housing
             Residences
             Comparative analysis
             Minorities
IDENTIFIER:  Mutual Mortgage Insurance Fund
             
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