hope for homeowners: FHA Hope for Homeowners - List of Participating lenders announced
- 10/22/08 05:01 PM
FHA has come out with the current list of lenders who have expressed an interest in participating in the progrgam. The list will be refreshed on most Fridays. This program became effective as of October 1st, 2008 and runs through September 30, 2011. Congress anticipates that as many as 400,000 homeowners may be able to avoid foreclosure by going through this program. The program is voluntary for lenders to participate and has several components. First, the borrower's loan would be refinanced and set to 90% of the current appraised value with the lender taking a loss between the current loan and the new amount, or the lender could … (4 comments)
FHA has come out with the current list of lenders who have expressed an interest in participating in the progrgam. The list will be refreshed on most Fridays.
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