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Mlpp3e c07 Govt

Mlpp3e c07 Govt

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Published by Jackie Lang
ch 7
ch 7

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Categories:Types, School Work
Published by: Jackie Lang on Dec 01, 2009
Copyright:Attribution Non-commercial

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09/08/2010

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1
Chapter 7
Government-SponsoredLoan Programs
Mortgage Lending P&P 3
rd
Edition/Updated Nov. 6, 2009
 
Chapter 7: Government-Sponsored Loan Programs
2
Overview
Federal government plays key role in nationalreal estate market:
 –Passing legislation that affects mortgagelending in general –Government-sponsored loan programs thathelp borrowers in the purchase or refinanceof residential real estate
Don’t confuse these programs withgovernment involvement in the secondarymarket
Mortgage Lending P&P 3
rd
Edition/Updated Nov. 6, 2009
 
Chapter 7: Government-Sponsored Loan Programs
3
Overview
Three most common programs:
1.FHA-insured loans2.VA-guaranteed loans3.Rural Development guaranteed and directloans
You may also want to investigate any loanassistance programs available in your state and local communities
Mortgage Lending P&P 3
rd
Edition/Updated Nov. 6, 2009

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