mortgagebacked securities: Potentially vs Realistically - 09/14/10 12:25 AM
The Associated Press, on Wednesday, released more information about the new FHA program to help homeowners who owe more than their home is worth. "The new program takes a different approach. It allows investors in mortgage-backed securities to evaluate their holdings and select borrowers who will be offered refinanced mortgages guaranteed by the FHA."
Potentially this is a great program that will help everyone. Realistically I think it will mirror the government's mortgage relief program. More people dropped out of the program than were helped. I anticipate mounds of red tape and borrowers to get gouged on the rate and fees. Why should they bother to … (3 comments)

 
Colorado Dream House Team, Real People. Real Professionals. Real Estate (Keller Williams Realty DTC)

Colorado Dream House Team

Real People. Real Professionals. Real Estate

Greenwood Village, CO

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Keller Williams Realty DTC

Address: 6300 S Syracuse, Suite 150, Greenwood Village, CO, 80111

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