President Bush announced on 8/31/07 that FHA will help an estimated 240,000 families avoid foreclosure by enhancing its refinancing program effective immediately. Under the new FHASecure plan, FHA will allow families with strong credit histories who had been making timely mortgage payments before their loans reset-but are now in default, to qualify for refinancing.
One Response
Tiffany Rodriguez-Taylor
March 8th, 2008 at 10:59 pm
1Without minimizing the efforts of President Bush, as a Mortgage Broker I’m finding that most of my Borrowers do not qualify for the FHASecure program. I’m hoping for some additional FHA reform.
Thank you for your info.
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