Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Housing Finance: Characteristics of Borrowers of FHA-Insured Mortgages: Rced-94-135br

Housing Finance: Characteristics of Borrowers of FHA-Insured Mortgages: Rced-94-135br

U. S. Government Accountability Office (.

Paperback

General Political Science

Publisher Price: $15.75

ISBN10: 1289114765
ISBN13: 9781289114763
Publisher: Bibliogov
Published: Jun 27 2013
Pages: 40
Weight: 0.20
Height: 0.08 Width: 7.44 Depth: 9.69
Language: English
Pursuant to a legislative requirement, GAO provided information on changes in the: (1) income, age, and race of borrowers of Federal Housing Administration (FHA)-insured mortgages; and (2) location of their homes.
GAO found that: (1) 24 percent of FHA-insured mortgages originated in 1991 went to low-income families, and 41 percent of FHA-insured loans originated in 1991 went to moderate-income families; (2) the portion of FHA borrowers under the age of 30 decreased between 1976 and 1991, although buyers under 30 consistently made up a large proportion of FHA borrowers; (3) minorities made up a higher proportion of FHA borrowers than of all U.S. home buyers; and (4) the percentage of FHA-insured mortgages originated for homes in urban neighborhoods was smaller in 1991 than in 1976.

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