Search / 30 posts tagged FHA Secure

A time for many people to start thinking about mortgage refinancing is when they are headed for foreclosure. Many people get into trouble because they are not able to keep up with their payments; the payment is either larger than they anticipated or their finances have taken a turn for the worse and they can no longer afford the mortgage.

FHASecure: Did It Really Do That? by Peter G. Miller August 6th, 2008 The White House reported yesterday in a “fact sheet” that “last year, the President launched FHASecure, which has helped more than 290,000 families avoid foreclosure by refinancing into safe Federal Housing Administration

The government's role in the housing crisis is beginning to take some twists I'm not sure anybody saw coming and that it probably shouldn't be forced to accept. A few different issues are beginning to brew that will force FHA and HUD to either make a stand or roll over.

Well spring has been here awhile in Searcy for sure, but the weather has been putting a damper on doing outside maintenance and spring cleaning as of late! Last night, once again, we had a downpour and tornado warnings.....not to scare you if you are considering a move here, we have very good warning sirens and news coverage.

Our Searcy Board of Realtors held a meeting yesterday and included area loan officers, title companies, appraisers, inspectors and others in the local real estate industry. Our goal was to discuss what is going on at this time with our local market and to come together to help our customers achieve their goals.

The Christian Science Monitor reported a few hours ago on the FHA Secure bill that is going through Congress. It appears that if they pass it, the President will veto it, which is a shame, because this bill will help people hang onto their homes, after getting into a bad mortgage a few years ago.

So many homeowners are being slammed by rising interest rates that the number of defaults on mortgage payments is skyrocketing. The inability of tens of thousands of homeowners to keep up with their payments is becoming a crisis, with millions of people living under the threat of becoming homeless.

If you are a homeowner that fell for an Adjustable Rate Mortgage plan and now find yourself in dire financial distress because the mortgage reset has left you strapped for cash, the Federal Housing Administration has come to your rescue with a plan called FHA Secure.

New FHA Loan Programs for People LATE ON THEIR MORTGAGES Effective July 19, the FHA will expand the FHA Secure program twofold: People with ARMs (adjustable-rate mortgage loans) who were late on two mortgage payments in a row, or twice in the last 12 months.

House debates foreclosure rescue Barney Frank: We’re telling people, “We wish you would use this alternative process.” Some of them will say, “Well, I can make more money foreclosing, so the hell with ya.” Lenders are lobbying furiously against any move to give judges the power to adjust mortgages.