Oregon 30-Hour Real Estate Finance Course Week 1

Housing Choice Voucher Program

A federal government program to assist very-low-income families, the elderly, and the disabled with affordable, decent, safe, and sanitary housing.

FHA Financing

A mortgage loan that's insured by the Federal Housing Administration; allows smaller down payments (3.5%) than conventional mortgages

The U.S. ______ is the federal agency with the mission to create strong, sustainable, inclusive communities and quality affordable homes for all.

Department of Housing and Urban Development

Ginnie Mae

Guarantees the timely payment of principal and interest on MBSs that are secured by pools of government home loans

Federal Housing Administration (FHA)

Insures mortgages on single-family and multi-family homes

HUD's ______ has a goal of increasing the availability of safe and affordable housing to Native American families.

Office of Native American Programs

Natalie is a licensee who assists buyers in the purchase of HUD ______ when they're listed for sale.

Repossessed homes

Department of Housing and Urban Development (HUD)

This department works on national housing needs. It helps poorer families to buy homes.

The Community Development Block Grant (CDBG)

To help communities with economic development, job opportunities and housing rehabilitation

One of HUD's goals reflects a response to financial issues experienced in the housing market during the 2007 economic crisis. The goal is ______ to bolster the economy and protect consumers.

To strengthen the housing market

Fair Housing and Equal Opportunity (FHEO)

Works to eliminate housing discrimination, promote economic opportunity, and achieve diverse, inclusive communities

mortgage-backed security

a debt security created by pooling together a group of mortgage loans whose periodic payments belong to the holders of the security

subsidize

to support financially; provide a grant or contribution