Department of Housing and Urban Development
Government National Mortgage Association
Federal Housing Administration
Department of Housing and Urban Development
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Agency description: |
The Department of Housing and Urban Development (HUD) promotes sustainable communities with quality affordable homes for everyone by strengthening the housing market, protecting consumers, and encouraging discrimination-free communities. |
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Website: |
www.hud.gov |
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Enabling Statute: |
“There is hereby established at the seat of government an executive department to be known as the Department of Housing and Urban Development (hereinafter referred to as the “Department”). There shall be at the head of the Department a Secretary of Housing and Urban Development (hereinafter referred to as the “Secretary”), who shall be appointed by the President by and with the advice and consent of the Senate. The Department shall be administered under the supervision and direction of the Secretary.” 45 U.S.C. § 3532(a) |
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Key issues: |
Avoiding foreclosure; purchasing a home; home improvements; Housing Choice Voucher Program (Section 8); housing discrimination; fair lending. |
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Sub-agencies: |
Government National Mortgage Association; Federal Housing Administration; Fair Housing Finance Agency |
HUD sub-agencies
Government National Mortgage Association
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Agency description: |
The Government National Mortgage Association (Ginnie Mae) guarantees payments of principal and interest on mortgage-backed securities, primarily on loans insured by the Federal Housing Administration, Department of Veterans Affairs, the Rural Housing Service, or the Office of Public and Indian Housing. |
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Website: |
www.ginniemae.gov |
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Key issues: |
Mortgage securities; Real Estate Mortgage Investment Conduits (REMICs). |
Federal Housing Administration
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Agency description: |
The Federal Housing Administration (FHA) provides mortgage insurance on single family homes, multifamily homes, manufactured homes, and hospitals. |
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Website: |
www.fha.gov |
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Key issues: |
Fair housing; homebuying programs; avoiding foreclosure. |
Fair Housing Finance Agency
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Agency description: |
The Fair Housing Finance Agency oversees Fannie Mae, Freddie Mac, and Federal Home Loan Banks to ensure sound financial efforts in the home loan market. |
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Website: |
www.fhfa.gov |
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Key issues: |
Housing market changes; home mortgages; stability in the mortgage market. |
