Which agency administers the FHA mortgage insurance program?

Prepare for the Qualified and Non-Qualified Mortgage Test with comprehensive flashcards and multiple-choice questions. Ensure you understand every concept with detailed hints and explanations.

Multiple Choice

Which agency administers the FHA mortgage insurance program?

The agency that administers the FHA mortgage insurance program is the Federal Housing Administration. The FHA is the part of the Department of Housing and Urban Development responsible for operating and managing the mortgage insurance programs that insure loans made by approved lenders. HUD sets policy and provides oversight, but the actual administration of the insurance program—tracking premiums, managing the insurance fund, and insuring loans—is handled by the FHA. The other options don’t administer the program: HUD as a department oversees housing policy, the HUD Office of Policy is a policy unit within HUD, and the Consumer Financial Protection Bureau focuses on consumer protections rather than administering mortgage insurance programs.

The agency that administers the FHA mortgage insurance program is the Federal Housing Administration. The FHA is the part of the Department of Housing and Urban Development responsible for operating and managing the mortgage insurance programs that insure loans made by approved lenders. HUD sets policy and provides oversight, but the actual administration of the insurance program—tracking premiums, managing the insurance fund, and insuring loans—is handled by the FHA. The other options don’t administer the program: HUD as a department oversees housing policy, the HUD Office of Policy is a policy unit within HUD, and the Consumer Financial Protection Bureau focuses on consumer protections rather than administering mortgage insurance programs.

More practice questions