loan: FHA Hope for Homeowners - List of Participating lenders announced
- 10/22/08 05:01 PM
FHA has come out with the current list of lenders who have expressed an interest in participating in the progrgam. The list will be refreshed on most Fridays. This program became effective as of October 1st, 2008 and runs through September 30, 2011. Congress anticipates that as many as 400,000 homeowners may be able to avoid foreclosure by going through this program. The program is voluntary for lenders to participate and has several components. First, the borrower's loan would be refinanced and set to 90% of the current appraised value with the lender taking a loss between the current loan and the new amount, or the lender could … (4 comments)
loan: Golden 1 Rescue Loans and Repair Loans - What do you know about them?
- 10/20/08 04:03 AM
Golden 1 Credit Union is offering 2 loan programs: Mortgage Rescue program for their members who are facing foreclosure on a loans from another lender. Mortgage Repair loan for their members who have lost the home to foreclosure and are trying to repair their credit and buy another home. I want to find out if anyone has had experience with these two programs through Golden 1? Any success stories or failures? How was the process? … (1 comments)
FHA has come out with the current list of lenders who have expressed an interest in participating in the progrgam. The list will be refreshed on most Fridays.
;)
;)
