Mortgage Lending: 2.1.3.2 Mortgages Insured by the Federal Housing Administration
The Federal Housing Administration (FHA) is part of the Department of Housing and Urban Development (HUD). The FHA insures private mortgage lenders for one-hundred percent of any loss on forward or reverse mortgages.10 This subsection focuses on forward mortgages. The FHA’s reverse mortgage program is described in § 10.3, infra.