Which government body is responsible for providing FHA mortgage insurance?

The Department of Housing and Urban Development (HUD) is the government body responsible for providing FHA mortgage insurance. This program is designed to encourage lenders to offer loans to individuals, including first-time homebuyers and those with lower credit scores, by insuring a portion of the mortgage. By doing so, it reduces the risk that lenders take on when they provide loans, thus facilitating access to home financing for more Americans. This insurance helps stabilize the housing market by promoting home ownership and is a key aspect of the FHA's mission.

The other organizations listed do not have the specific role of providing FHA mortgage insurance. The Federal Reserve Bank focuses on monetary policy and regulating banks, the Department of Treasury manages government finances and economic policy, and the National Association of Realtors is a trade organization representing real estate professionals, without direct involvement in mortgage insurance programs.