Expanding FHA’s Refinance Program to Help Families Stay in Their Homes |
| 10/26/2008 8:29:39 PM |
According to a recent HUD press release, FHA's expansion of its programs and guidelines have helped many people save their homes.
According to FHA, these significant things have been done to help people refinance into an FHA mortgage.
- August 2007 - President Bush launches a new initiative at HUD's Federal Housing Administration (FHA) called FHASecure to help hundreds of... Read More
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FHA New Up Front Mortgage Insurance Premiums Are Raised |
| 8/28/2008 7:24:49 PM |
As a result of the passing of HR-3221 into law in late July, yesterday FHA announced that they were changing the way they charge for Up Front Mortgage Insurance Premiums.
This is the 2nd time this year that FHA has changed the way they calculate UFMIP and it is effective for all FHA loans starting October 1, 2008.
The new Up Front Mortgage Premiums For FHA Loans Are:
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FHA Has Helped 300,000 Families in 2008, FHA Secure on Pace to Help 500,000 by Year’s End |
| 8/6/2008 11:10:27 AM |
According to the latest press release from HUD --
HUD SECRETARY: FHA HAS HELPED 300,000 FAMILIES FIND RELIEF WITH GOVERNMENT-BACKED MORTGAGES FHA Secure on pace to help half-million homeowners by year’s end
WASHINGTON - U.S. Department of Housing and Urban Development Secretary Steve Preston today announced that 300,000 families have refinanced their mortgages with HUD's... Read More |
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HUD to Mail 675,000 Letters Urging Homeowners To Look at FHA Secure Mortgage Program/FHA Mortgage Refinance |
| 6/21/2008 7:47:09 AM |
Back in February, I reported that HUD was going to mail over 800,000 letters to homeowners urging them to see if an FHA refinance mortgage program would be right for them. Back in February, they mailed out 280,000 and said that they would be mailing through the fall.
Phase 2 of the campaign has now begun and they are going to mail out another 675,000 letters urging people to... Read More |
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FHA Implements FHA Secure Refinancing Product |
| 5/9/2008 10:32:00 PM |
 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. If you meet the FHA’s buyer criteria, you may qualify for an FHA secure refinance to get out from under the... Read More |
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FHA Head Touts Expansion of FHA Secure Program Over Proposed Legislation |
| 4/13/2008 11:55:15 AM |
During the first day of a scheduled two day hearing on the proposed legislation regarding the expansion of the FHA Secure mortgage program, current FHA Commissioner Brian Montgomery testified and had some interesting things to say.
Among them:
- FHA is facing the real possibility of the first deficit in its 75 year history
- Montgomery asked lawmakers to consider the impact of... Read More
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The Ins and Outs of MIP Refunds |
| 4/10/2008 9:13:10 AM |
 How can you determine if you have a mortgage insurance premium or MIP refund due you? The FHA has published guidelines that can show you if you are eligible and tables that will help you determine if you have an MIP refund coming to you. Additionally, there are many experts that can guide you through the process if you should require assistance.
In a nutshell, if you paid... Read More |
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FHA Secure Expansion Announced |
| 4/9/2008 10:12:31 AM |
Today the Bush administration is announced an expansion of the FHA Secure Mortgage program that is aimed at helping more homeowners who are struggling with their mortgages.
According to the Bush administration, the FHA Secure Expansion program is designed to help about 100,000 homeowners with expanded FHA Refinancing options, including many who owe more than their houses... Read More |
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HUD Secretary: "FHA Is Back" |
| 3/9/2008 5:01:43 PM |
I came across a press release from HUD talking about how the recent increase in FHA loan limits will benefit quite a few people from California.
Some interesting excerpts from the release:
"The plan raises FHA's loan limits, enabling more families to qualify for a safe, affordable FHA mortgage. This is critical for California, where most families are currently priced out... Read More |
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FHA Secure Mortgage Program |
| 3/8/2008 10:24:59 AM |
If you’re one of the millions of Americans that has fallen behind on their mortgage, then you may be interested in learning a little more about the FHA Secure Loan Program. The FHA Secure Loan Program is an initiative by the Bush administration in direct response to the many homeowners who have fallen behind on their mortgage payments, and goes hand-in-hand with proposed... Read More |
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An FHA Mortgage Refinance Could Save Your Home |
| 3/5/2008 10:32:47 AM |
.jpg "fha secure rate reduction plan") With the growing number of mortgage defaults by homeowners hit by large ARM resets or Homeowners simply unable to make their mortgage payments, the FHA has decided to step in and help homeowners out where they can. A new program called FHA Secure allows eligible homeowners to refinance into a secure, fixed-rate FHA loan even if they are in default. The whole idea is to... Read More |
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FHA Secure Has Helped 100,000 Since September 2007 |
| 3/2/2008 2:59:34 AM |
Recently it was announced that the FHA Secure program has helped over 100,000 homeowners since it was announced. There has been much said about how the FHA Secure program may not be helping as many people as it was intended for, but if this recent announcement is any indication, the FHA Secure program is seemingly very active as an FHA refinancing... Read More |
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Secretary Jackson on Project Lifeline, HOPE NOW and FHA Secure |
| 2/15/2008 9:30:40 PM |
On February 12, HUD Secretary Alphonso Jackson gave prepared remarks at the announcement of Project Lifeline. In his remarks, he touched on Project Lifeline, HOPE NOW and the FHA Secure program.
A portion of his remarks:
"And let's be clear and honest. One action alone will not solve every problem in the housing market. Rather, a series of... Read More |
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Project Lifeline Announced -- Designed to Supplement FHA Secure and HOPE NOW |
| 2/12/2008 4:41:15 PM |
A new mortgage help plan coined “Project Lifeline” was unveiled today by the Treasury Department and the Department of Housing and Urban Development.
The plan will assist borrowers who are 90 days or more past due on their mortgage, and will not be limited to high-cost subprime mortgage holders like previous such as the FHA Secure or HOPE NOW plans... Read More |
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FHA Launches Direct Mail Campaign Targeting FHA Secure Eligible Borrowers For FHA Refinancing Options |
| 2/12/2008 6:56:13 AM |
Yesterday it was announced that HUD was mailing out 280,000 letters urging people to look into FHA Mortgage Refinancing options such as the FHA Secure mortgage program.
This is just one more sign that FHA is committed to the FHA Secure Mortgage program and trying everything it can to make it an effective FHA refinancing option for many at-risk... Read More |
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More Foreclosures Could Be Prevented If FHA Secure Mortgage Program Guidelines Are Loosened |
| 2/5/2008 7:33:54 AM |
There is a study being circulated at the American Securitization Forum which was obtained by Reuters that says “more than 600,000 troubled homeowners could win new mortgage terms after easing terms of the FHA Secure Mortgage program.
More specifically, the document suggests that FHA loosen its FHA Secure Mortgage program to aid not just adjustable-rate... Read More |
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Find Valuable Info About Getting An FHA Mortgage |
| 2/4/2008 1:46:54 PM |
 Nervous about maintaining your current mortgage or even the prospects of ever owning your own home again? Yeah, me too. While admit that the housing picture looks bleaker now than it has been in the last 20 years, I'm not willing to give in to panic. Why? Because these days, homeowner and potential buyers have access to more good information about getting and maintaining a... Read More
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Refinancing From An Adjustable Rate Mortgage to Fixed Rate Mortgage |
| 1/26/2008 9:09:45 PM |
With many Adjustable Rate Mortgages coming due, more and more homes are going into foreclosure as home owners can no longer afford their homes. While Adjustable Rate Mortgages fit the needs of many, they don’t fit the needs of all. What happens when you find out that your ARM is no longer working for you?
First of all, let’s spend a little time... Read More |
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Do you currently have a subprime loan? Find out if an FHA Mortgage Refinance option (such as FHA Secure) is right for you. |
| 1/26/2008 11:06:08 AM |
Do you currently have a subprime loan? If you do, don't worry, there are a number of options out there that may be able to help your situation.
Having a subprime loan doesn’t mean that you are a bad person. It doesn’t mean that you are a bad borrower. It doesn’t mean that you need to wait to see what options are available to you.
It means that you need... Read More |
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