FHA Program Adjustments to Support Refinancings for Underwater Idaho Homeowners - 03/31/10 06:48 PM
Posted by Dean Tucker, Waterstone Mortgage - Prime Equity Group in Boise Idaho
The Administration announced adjustments to Federal Housing Administration (FHA) programs that will permit lenders to provide additional refinancing options to homeowners who owe more than their home is worth because of large falls in home prices in their local markets. These adjustments will provide more opportunities for qualifying mortgage loans to be responsibly restructured and refinanced into FHA loans as long as the borrower is current on the mortgage and the lender reduces the amount owed on the original loan by at least 10 percent. This option should … (2 comments)

Making Home Affordable Program (HAMP) Enhancements to Offer More Help for Homeowners - 03/26/10 11:58 AM
Posted by Dean Tucker Waterstone Mortgae - Prime Equity Group
Making Home Affordable Program Enhancements to Offer More Help for Homeowners

Today the Administration announced enhancements to the Home Affordable Modification Program (HAMP) to provide additional resources for struggling homeowners. These changes will provide temporary mortgage assistance to some unemployed homeowners, encourage servicers to write-down mortgage debt as part of a HAMP modification, allow more borrowers to qualify for modification through HAMP, and help borrowers move to more affordable housing when modification is not possible. The changes will be implemented in the coming months.
Unemployed borrowers meeting eligibility criteria will … (0 comments)

 
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Dean Tucker (Mortgage Banker)

Boise, ID

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Dean Tucker Benchmark Mortgage - Prime Equity Group

Address: 2535 W State Street, Boise, ID, 83702

Office Phone: (208) 287-1717

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