June is National Homeownership Month

Truly, homeownership is one of these American phenomena. Mortgages only became generally available after the U.S. banking system came into being after the 1860s through the National Bank Acts. Another milestone was reached when Congress passed the Fair Housing Act of 1968. The Act was signed by President Lyndon B. Johnson and banned discrimination in housing based on religion, race, gender, and national origin.

In its 87 years of existence, the Federal Housing Administration (FHA) has saved America an almost $4 trillion loss of household wealth. It has helped more than 44 million citizens to become homeowners.

National Homeownership Week began in 1995, and later, in 2002, when it was expanded to include the entire month of June. National Homeownership Month reinforces the belief that owning a home is one of the steps towards achieving the American dream.

Counsellors Title Agency is thrilled to have been a part of that, processing over 40,000 orders for title insurance in its 25-year history.