What does the FHA do?

With regards to the FHA, which of the following are true?

  1. Proceeds from the mortgage insurance premiums paid by homeowners fund the FHA.
  2. The FHA provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories.
  3. The FHA does not lend money directly
  4. All of the above.

The answer is D. all of the above.