Real estate blog entries tagged with subprime by Mortgage Loan Place

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Home : Blogs : Brandon Laughridge : Brandon Laughridge's Blog : Tag "subprime"

subprime: 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)

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