I have previously expressed my view that the “Hope For Homeowners” program is really more of a “Hope For Politicians” program designed to make the citizens believe that the politicians really care about them. According to articles I have seen quoting Fox News (although I haven’t found the source quote yet), only 79 borrowers have been accepted into the program in the month since it officially began. Although, to be fair, secondary mortgage market issues can create quite a gap between the legal start date and the actual start date of such a mortgage program.

Nevertheless, I get an email or two every day from consumers and mortgage brokers alike asking me which lenders are taking part in the program. So I would be remiss in not giving out a link to the place where you can find the complete list of lenders who are taking part in the program. The list is updated on Fridays.

So here it is: Hope For Homeowners Lenders List

If anyone has any success (or horror) story about using  the H4H Program, I would love to hear about it.

If you are a mortgage broker, or loan originator, don’t give up on the FHA programs just because these new programs turn out to be a bust. Get some training on FHA guidelines and prepare yourself to help all the new buyers that are going to be coming into the market.