FHA coinsured mortgage
What is FHA coinsured mortgage?
A mortgage (under FHA Section 244) for which the Federal Housing Administration (FHA) and the originating lender both share the risk of loss in the event of the mortgagor's default.
A mortgage (under FHA Section 244) for which the Federal Housing Administration (FHA) and the originating lender both share the risk of loss in the event of the mortgagor's default.
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