federal home loan program

Extracted Attributes

• Type

  Government-sponsored enterprise (GSE) system

• Purpose

  Provide liquidity to financial institutions, support housing finance and community investment

• Structure

  System of 11 U.S. government-sponsored banks (FHLBanks), over 6,700 member financial institutions, and the Office of Finance

• Oversight Body

  Federal Housing Finance Agency (FHFA)

• Identified Impact

  Contributes to inflated housing costs

• Founding Legislation

  Federal Home Loan Bank Act of 1932

Timeline

• The Federal Home Loan Bank system was created by the Federal Home Loan Bank Act of 1932 to support mortgage lending and community investment. (Source: web_search_results)

  1932-00-00

• The Federal Home Loan Banks (FHLBanks) continue to provide liquidity to financial institutions to support housing finance and community investment. (Source: wikipedia)

  Ongoing

• The federal home loan program is identified as an economic driver contributing to inflated housing costs, impacting the American Dream and social fabric. (Source: d21d43bf-4b55-4adb-9584-8c298d6baf45)

  Ongoing

Federal Home Loan Banks

The Federal Home Loan Banks (FHLBanks, or FHLBank System) are 11 U.S. government-sponsored banks that provide liquidity to financial institutions to support housing finance and community investment.

Web Search Results

• Affordable Housing & Community Investment

  The Federal Home Loan Bank (FHLB) system was created by the Federal Home Loan Bank Act of 1932 as a government sponsored enterprise to support mortgage lending and related community investment. It is composed of 11 FHLBanks, more than 6,700 member financial institutions, and the System's fiscal agent, the Office of Finance. Each FHLBank is a separate, government-chartered, member-owned corporation. Federal Home Loan Bank Community Lending Plans ​​The Programs -------------- [...] Advisory Bulletins Dodd-Frank Act Stress Tests (DFAST) ​Examiner Resources Fannie Mae & Freddie Mac Federal Home Loan Bank System Legal Documents & Suspensions LIBOR Transition Rulemaking and Federal Register Suspended Counterparty Program Policy & Programs [...] The Duty to Serve (DTS) requires Fannie Mae and Freddie Mac (Enterprises) to facilitate a secondary market for mortgages on housing for very low-, low-, and moderate-income families in: Manufactured housing, Affordable housing preservation, and Rural housing. To learn more about Duty to Serve, clickhere. Image 7: Aspire-ManorFinal ​Federal Home Loan Bank System ------------------------------

• Government-backed home loans and mortgage assistance

  The Federal Housing Administration (FHA) manages the FHA loan program. It helps homebuyers by insuring their loans so lenders can offer lower down payments and closing costs. FHA loans offer assistance to first-time homebuyers, seniors who partially or fully own their home, and those buying a manufactured or mobile home. Find out how FHA loans can help you. ### FHA loan eligibility To qualify for an FHA loan: [...] If you want to buy a home, a government-backed home loan or a mortgage assistance program could help. Learn about the types of loans and how to qualify and apply. Important --------- The federal government does not offer grants or "free money" to individuals to buy a home. Websites and ads claiming to offer "free money from the government" are often scams. FHA loans ------------- [...] Learn about home loan programs for veterans and active duty service members. Review the VA Home Buyer's Guide. Find contact information for specific VA home loan programs. Rural homebuyers ---------------- If you live in a rural area, you may qualify for home loans through the U.S. Department of Agriculture's (USDA) single-family housing programs. Each program has its own eligibility and application process. Emergency personnel and teachers --------------------------------

• Single Family Housing Direct Home Loans

  Also known as the Section 502 Direct Loan Program, this program assists low- and very-low-income applicants obtain decent, safe and sanitary housing in eligible rural areas by providing payment assistance to increase an applicant’s repayment ability. Payment assistance is a type of subsidy that reduces the mortgage payment for a short time. The amount of assistance is determined by the adjusted family income. Who may apply for this program ------------------------------ [...] General Terms and Conditions For Engineers For Water & Environmental Engineers RUS Interest Rates RD Apply Rural Development Disaster Assistance RUS Program Borrowers Cooperative Services View all Services View all Programs & Services Newsroom Newsroom -------- News Releases Stakeholder Announcements Success Stories Federal Funding Opportunities [...] Using the Single Family Housing Direct Self- Assessment tool, potential applicants may enter information online to determine if the Section 502 Direct Loan Program is a good fit for them prior to applying. The tool will provide a preliminary review after a potential applicant enters information on their general household composition, monthly income, monthly debts, property location, estimated property taxes, and estimated hazard insurance. Potential applicants are welcome to submit a complete

• Single Family Housing Guaranteed Loan Program

  Published Time: 2015-01-05T15:31:09-0500 Single Family Housing Guaranteed Loan Program | Rural Development =============== Skip to main content Image 1: U.S. flag An official website of the United States government Here’s how you know Here’s how you know Image 2: Dot gov Official websites use .gov A .gov website belongs to an official government organization in the United States. Image 3: Https Secure .gov websites use HTTPS [...] Other RD Programs and Services: The Guaranteed Loan Program is just one of several housing programs Rural Development offers to strengthen rural communities. If the Guaranteed Loan Program is unable to meet your affordable housing needs, we encourage you to contact your local state RD office to learn more about our Single-Family Housing Direct Programs! Events ------ Return to top Home About RD Programs & Services Browse by State Federal Register Notices [...] General Terms and Conditions For Engineers For Water & Environmental Engineers RUS Interest Rates RD Apply Rural Development Disaster Assistance RUS Program Borrowers Cooperative Services View all Services View all Programs & Services Newsroom Newsroom -------- News Releases Stakeholder Announcements Success Stories Federal Funding Opportunities

• Buying a Home | HUD.gov / U.S. Department of Housing and Urban ...

  Let FHA help you (FHA loan programs offer lower downpayments and are a good option for first-time homebuyers!) HUD's special homebuying programs Good Neighbor Next Door (formerly known as Teacher/Officer/Firefighter Next Door) Homeownership for public housing residents Indian Home Loan Guarantee Program (Section 184) 5. Shop for a home Home-shopping checklist? take this list with you when comparing homes Homes for sale (including HUD homes) [...] ### U.S. Department of Housing and Urban Development Helping Americans HUD Partners Data & Research News About Contact Borrower's rights Predatory lending 3. Shop for a loan Looking for the best mortgage: shop, compare, negotiate - brochure Let FHA help you Learn about interest only loans 4. Learn about homebuying programs Homebuying programs in your state