FHA Secure Termination
In accordance with HUD Mortgagee Letter 2008-13, the FHA Secure program will expire on December 31, 2008.  The FHA Secure program offered expanded guidelines for borrowers currently delinquent on their mortgages due to ARM Rate Resets, as well as Rate/Term Refinance transactions from non-FHA mortgages to FHA Fixed Rate Mortgages.  These provisions were only temporary.

*    After December 31, 2008 HUD will no longer issue Case Numbers under the FHA Secure program
*    Most Lenders will allow loan registrations dated prior to December 29, 2008.  No loan registered with some lenders on or after December 29, 2008 may be registered as a FHA Secure loan.  The loan file must have a completed and signed loan application at the time of loan registration.
*    There are no specified deadline dates for Underwriting Approval, Lock, Close, Fund, or Delivery.
*    HUD is in the process of working on expanded guidelines to accommodate those borrowers who may be delinquent on their current mortgage and do not qualify under standard HUD guidelines.  I will work diligently to accommodate any new HUD guidelines as quickly as reasonably possible.
*    All new non-delinquent non-FHA refinance transactions, registered on or after December 29, 2008 will follow standard HUD.

 To get registered today please click here:

https://www.americanonefinance.mortgagexsites.com/iFrame.aspx?FileName=LoanApplicationPop.x&ReferrerGUID=1a87815d-128a-400a-8095-b6195ea99d0b&language=English&UID=k2odvbfc33ain245vamhh245

615-482-1498