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2. What is a gift letter for a mortgage? - AOL

   www.aol.com/finance/gift-letter-mortgage...

   A mortgage gift letter is a document that helps satisfy the requirement that a borrower’s down payment funds come from legitimate sources. The letter involves the giver verifying, in writing ...

3. Housing and Economic Recovery Act of 2008 - Wikipedia

   en.wikipedia.org/wiki/Housing_and_Economic...

   The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.

4. Federal Housing Finance Agency - Wikipedia

   en.wikipedia.org/wiki/Federal_Housing_Finance_Agency

   The Federal Housing Finance Agency (FHFA) is an independent federal agency in the United States created as the successor regulatory agency of the Federal Housing Finance Board (FHFB), the Office of Federal Housing Enterprise Oversight (OFHEO), and the U.S. Department of Housing and Urban Development government-sponsored enterprise mission team, [3] absorbing the powers and regulatory authority ...

5. FHA insured loan - Wikipedia

   en.wikipedia.org/wiki/FHA_insured_loan

   An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by an FHA-approved lender. FHA mortgage insurance protects lenders against losses. [1] They have historically allowed lower-income Americans to borrow money to purchase a home that they would not otherwise be able to afford.

6. How to write a letter of explanation for a mortgage - AOL

   www.aol.com/finance/write-letter-explanation...

   A letter of explanation is simply a way to help resolve that red flag, which might include: A job change: If you change jobs, particularly in the time frame leading up to closing, you might need ...

7. FHA streamline refinance: What is it and how does it work? - AOL

   www.aol.com/finance/fha-streamline-refinance...

   An FHA streamline refinance is a type of refinance loan available to FHA loan borrowers. As with any refinance, it involves taking out a new mortgage that you use to pay off your current one.It ...