Finance
Which federal agency insures FHA loans against default?
AFannie Mae (FNMA)
BThe Department of Veterans Affairs (VA)
CThe Federal Housing Administration (FHA) within HUD✓ Correct
DThe Federal Home Loan Mortgage Corporation (Freddie Mac)
Explanation
FHA loans are insured by the Federal Housing Administration, a division of the Department of Housing and Urban Development (HUD). This insurance protects the lender if the borrower defaults, allowing lenders to offer more favorable terms.
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