They join the more than 1,500 faculty and staff members who have used the university's 35-year-old guaranteed mortgage program to finance their homes.

Lenders offer several other variations on guaranteed mortgage rates.

They got federally guaranteed mortgages to buy and rehabilitate them, and then walked way with the money.

In some cases, the Government held or guaranteed mortgages through the Federal Housing Administration.

And there is no down payment with a Veterans Administration guaranteed mortgage, which is available to qualified veterans.

Rather, court documents say, it was set up by a HUD-approved mortgage bank expressly to get these federally guaranteed mortgages.

Franklin early on introduced a Ginnie Mae fund, which invests in Federally guaranteed mortgages.

Mr. Dimson began as a developer in the 1940's and was a pioneer in getting federally guaranteed mortgages for high-rise luxury apartments.

Although Akzo bought other properties near the collapse, he said, it has offered him only a guaranteed mortgage for a buyer should he sell his house next year.

These refinancings with guaranteed mortgages will eventually strengthen the market for individual units in mixed-occupancy co-op buildings - those that still have a substantial rent-regulated tenancy.

In the process, members of the ring - which included real estate agents - falsified financial, employment and tax records so the buyers could obtain federally guaranteed mortgages, investigators said.

This has been in effect since 1965, when it created the Guaranteed Mortgage Program, which offers an option to finance 120 percent of the cost for a property needing rehabilitation.

A new $24 million enforcement initiative is under way to inspect all 372,800 properties the agency is involved with, like Capitol View Plaza, through subsidies, guaranteed mortgages and local public housing authorities.

The first is the existence of state guaranteed mortgage acceptance companies such as Fannie Mae, Freddie Mac and Ginny Mae that purchase mortgage debt from lenders.

State Program Helps Get a Lower Rate Her income qualified her for a Tennessee state mortgage program for first-time home buyers that supplements Federally guaranteed mortgages.

Neil Bader, chief executive of Skyscraper Mortgage, one of the city's largest mortgage brokers, said that among his upper-end clients, 75 percent now sign contracts without having guaranteed mortgage financing.

Mr. Burnett was one of nearly a million black soldiers eligible for a federally guaranteed mortgage under the G.I. Bill of Rights, but precluded by housing discrimination from enjoying that benefit.

The new rules would encourage lending institutions to offer borrowers "guaranteed mortgage packages" that would specify the interest rates and total settlement charges right at the start, an approach that is inhibited by current regulations.

In Las Vegas on Monday, President Obama promoted new rules for federally guaranteed mortgages to give more homeowners with little or no equity in their homes a chance to refinance and avert foreclosure.

Specifically, Fleet is a lender in the Project H.O.M.E. and the Red-Lined Neighborhood Aid programs, which use city pension funds to buy a portion of federally guaranteed mortgages issued by banks.

Each time a student or small business takes out a Federal loan, or a home buyer seeks a Federally guaranteed mortgage, or a farmer seeks Federal insurance against crop damage, the Government's liabilities grow.

This program allows homeowners to be placed in a fixed-rate, federally guaranteed mortgage in return for the mortgage holder agreeing to reduce the principal owed on the mortgage to a level below the current value of the home.

In addition to performing the special assistance, management, and liquidation functions that once belonged to Fannie Mae, Ginnie Mae has an important additional function - that of issuing guarantees of securities backed by government-insured or guaranteed mortgages.

Suburban expansion was reserved for middle-class and working-class white people, facilitated by their increased wages incurred by the war effort and by subsequent federally guaranteed mortgages (VA, FHA, HOLC) available only to whites to buy new houses.

UNDER INVESTIGATION THE Justice Department is investigating the practices of some of the scores of independent escrow agents who handle paperwork and fund transfers in the sale of property the Government has seized in foreclosures of federally guaranteed mortgages.