Real estate blog entries tagged with fha refinance by Mortgage Loan Place

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Home : Blogs : Brandon Laughridge : Brandon Laughridge's Blog : Tag "fha refinance"

fha refinance: Talking FHA Refinances - 06/28/07 11:08 AM

The No. 2 man at the U.S. Department of Housing and Urban Development recently implored subprime mortgage holders to refinance their skyrocketing loans through the Federal Housing Administration.
"The key is the FHA's loss-mitigation program," Brian D. Montgomery, assistant secretary for housing and HUD's federal housing commissioner, told the Rocky Mountain News during a forum at HUD's Denver office. "We want to keep people in their homes."Twice as many subprime borrowers lose their homes to foreclosure than those with FHA-backed loans, according to Montgomery.FHA loans are safer and more secure, especially for at-risk homeowners and those looking to escape the fiscal … (1 comments)

fha refinance: HomeStay to Help Transition Borrowers in Trouble - 04/18/07 01:02 PM

Fannie Mae, one the largest mortgage finance programs in the nation, are initiating a new program called HomeStay in response to the current troubles being seen in the lending market by borrowers stuck in ARM's and other high interest loans. This news comes just a day after subcommittee meetings in Washington over what positive steps the lending market can take in response the recent "subprime fallout". While very little concrete solutions emerged from yesterday's meetings (the general consensus was that the problems faced by the mortgage / housing industry and now very complex and not remedied with a simple legislation change, … (0 comments)

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Brandon Laughridge

Columbia, IL

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