fha modernization: FHASecure: What In The World Is Going On? - 01/16/08 09:13 PM
Two issues today.
Issue Number 1: FHASecure Personally, I have pretty much given up on FHASecure. If I find someone who miraculously actually qualifies for the program, their second mortgage holder often insanely refuses to resubordinate their lien.
It is my opinion, though, that the substantial publicity for this loan program has caused more people to look into using the FHA program after they thought they had no way to refinance their mortgage due to falling home values. There has been a real value to that. The standard FHA program already provides a solution for many. They had no other choice … (1 comments)
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fha modernization: FHA Mortgage Insurance Changes: Is The New Rule Still On Track? - 11/25/07 01:08 AM
It seems the upcoming changes in FHA mortgage insurance rates haven't drawn much attention. Looks like that may be changing according to this news item that I saw on Bloomberg.com this morning.
You can find the full article here: Three U.S. Senators Trying to Block New Federal Housing Rule
According to Bloomberg:
Three U.S. senators are trying to block a new Bush administration rule that congressional auditors said would unfairly hamper African-Americans trying to finance their first home purchase.
I had not thought about the rule in those terms at all, but according to the article:
The rule would impose a … (1 comments)
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