The Office of Housing provides vital public services through its nationally administered programs. It oversees the Federal Housing Administration (FHA), the largest mortgage insurer in the world, as well as regulates housing industry business.
The mission of the Office of Housing is to:
|Contribute to building and preserving healthy neighborhoods and communities;|
|Maintain and expand homeownership, rentalhousing and healthcare opportunities;|
|Stabilize credit markets in times of economic disruption;|
|Operate with a high degree of public and fiscal accountability; and|
|Recognize and value its customers, staff, constituents and partners|
"The last time he owned a home, Maldonado refinanced four times and took on a second mortgage. He put a Cadillac and Mercedes-Benz C300W in the driveway and racked up about $45,000 in credit card bills and other debts. His debt-fueled lifestyle ended only when he was forced into bankruptcy."
What could possibly go wrong?
From the LA Times "Honk If I'm Paying Your Mortgage" bumpersticker files....