reverse mortgage appraisals: FHASecure Helping a Quarter of One Million Homeowners Keep Their Homes....Interesting.
- 08/31/07 10:08 AM
According HUD's Federal Housing Administration (FHA) there will be help for an estimated 240,000 families avoid foreclosure by enhancing its refinancing program that will take place immediately. Under the new FHASecure plan, FHA will allow families with strong credit histories who had been making timely mortgage payments before their loans reset-but are now in default-to qualify for refinancing. According to HUD; To qualify for FHASecure, eligible homeowners must meet the following five criteria: A history of on-time mortgage payments before the borrower's teaser rates expired and loans reset; Interest rates must have or will reset between June 2005 and December 2009; Three percent … (0 comments)
reverse mortgage appraisals: Momentum Is Growing To Revitalize FHA Lending. For FHA Appraisals- Contact Bennett Appraisals
- 04/30/07 11:26 AM
The debate on the best way to modernize and revitalize the FHA (Federal Housing Administration) is up and running. There could be a significant increase in FHA lending if these changes do occur. Last month there was the introduction of two new bills in the House and one in the Senate designed to help the Agency effectively carry out its mission of increasing housing opportunities for America's working families. On March 29, 2007 Bill H. R 1852 was introduced to the House. It would boost FHA loan limits, permit zero down and lower down payment loans and permit FHA to underwrite loans to borrowers with … (0 comments)
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According HUD's Federal Housing Administration (FHA) there will be help for an estimated 240,000 families avoid foreclosure by enhancing its refinancing program that will take place immediately. Under the new FHASecure plan, FHA will allow families with strong credit histories who had been making timely mortgage payments before their loans reset-but are now in default-to qualify for refinancing.
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