FHA Hope for Homeowners, FHA Secure, FHA Streamline, FHA 95% Cash-out, FHA 203k Streamline, FHA Short Refinance... these are all "real" options for people who are currently in an FHA loan and looking for FHA refinancing options. Supposedly. Some are more real than others. Let's start with the "most real" FHA refinance programs and identify who can benefit from them. FHA Streamline … [Read more...]
HUD to Mail Out 675,000 Mailers to At-Risk Homeowners
Yesterday it was announced that HUD would begin phase 2 of a direct mail campaign targeted toward homeowners who may be in trouble in their current mortgage. According to HUD Secretary Steve Preston: "This letter might be the most important piece of mail many of these families will receive all year. This information could not only help save their current home, it could help provide them … [Read more...]