Finance第 72 / 120 题
Which government-related program insures loans made by approved lenders to help borrowers with lower down payments?
a.The Federal Reserve open market desk
b.FHA (Federal Housing Administration) insurance
c.The county property appraiser
d.The MLS
解析
The FHA insures mortgage loans made by approved lenders, which reduces lender risk and allows lower down payments for qualified borrowers. FHA does not make loans directly; it insures them. VA loans, by contrast, are guaranteed for eligible veterans.
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