The FHA Hope for Homeowners Program starts today! Good news, right? Maybe. It depends on whether or not your current lender is willing to participate and as we have mentioned before, many lenders are not excited about this program. According to an article in the Realty Times: At a House financial services hearing last Wednesday, a top Bank of America executive, Michael Gross, said … [Read more...]
FHA Hope For Homeowners Program
When the Housing and Economic Recovery Program of 2008 was passed in late July, we wrote about the Hope for Homeowners Program. Some of the highlights of the program include: The program is a voluntary program for lenders to participate in Lenders will reduce the amount of money that they are willing to accept to pay off your current mortgage (this has become known as a … [Read more...]