It was in 1934 that Federal Housing Administration came into existence. This was the time when the United States was under “The Great Depression”. The main objective behind launching of FHA Mortgage was to help more and more people own homes.
Adults in the United States have a number that virtually dictates their finances. The number is your credit score. Using credit scores as a part of processing your mortgage application started in 1995; now all financial institutions rely on it heavily to …