Eds: ADDS full name of bank division in 2nd graf to CLARIFY; UPDATES with stock price at end of extended trading. Moving on general and financial services. As stated earlier, FHA mortgage is a way for homebuyers to obtain financing for their homes. All home purchases require buyers to make a certain set percentage of the total purchase price, called the down payment. What the FHA mortgage insurance does therefore is to allow a homebuyer to make a modest down payment and obtain a mortgage for the balance of the purchase price.
