FHA steps up during housing market crash

As many private mortgage loans made during the housing boom fell into default, the Federal Housing Administration began backing more loans to bolster the housing market. During the depression, the FHA introduced 30-year fixed-rate mortgages, which created more homeowners.

A look back at the housing market crash and the FHA.
Sources: Moody’s Analytics, FHA, Dealogic, Census Bureau. Graphic: The Washington Post. Published on December 14, 2011, 2:55 p.m.
 
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