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There are numerous types of government-backed loans, which vary dependent on the country and status of the borrower. Arguably, the most widely known type of government-backed loan is the US Federal Housing Administration FHA loan, in existence since 1934. Other types of government-backed loans include the following:
The Federal Reserve dropped rates in 2007 and 2008 to near zero as part of the effort to revive an economy damaged by the Great Recession. ... Government-backed mortgages such as FHA loans and VA ...
Lenders set their own interest rates for all types of loans, but in general, rates are fairly similar between conventional and government-backed loans. As of May 29, Bankrate data shows that ...
Fannie Mae, a government-backed mortgage institution, increased its year-end prediction to 6.4% from 5.9% earlier this year. ... Whatever rate cut the Federal Reserve does not do this year will ...
Today, Ginnie Mae securities are the only mortgage-backed securities that are backed by the "full faith and credit" guaranty of the United States Federal Government, although some have argued that Fannie Mae and Freddie Mac securities are de facto or "effective" beneficiaries of this guarantee after the Federal Government rescued them from ...
The FHLB provides loans to banks that are in turn backed by mortgages. Although they are one step removed from direct mortgage lending, some of the broader policy issues are similar between the FHLB and the other GSEs. According to Bloomberg, the FHLB is the largest U.S. borrower after the federal government. [157]
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