FHA Refinance Mortgage

House Financial Services Committee Chairman Barney Frank, D-Mass., has announced new legislation aimed at stemming the rise in mortgage foreclosures. The bill would let the Federal Housing Administration ensure and guarantee FHA refinanced mortgages that have been written down by lenders.

The bill that Mr. Frank is planning to introduce would permit the FHA to provide up... Read More

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

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

The Office of Thrift Supervision is preparing a plan to help people who currently owe more than their home is worth with an FHA refinancing opportunity and to discourage people from just walking away from their homes.

The plan is still being formulated and was only briefly mentioned in a quarterly news briefing and is not official yet. The main idea... Read More

This week I talked to someone who was in such a bad financial situation, they actually couldn't refinance their current home with one of the FHA mortgage refinancing options or any other program. They couldn't even get a hard money loan!

After turning this person down for an FHA refinance, do you know what he told me he was going to do for his... Read More

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

According to the National Association of Realtors (NAR), the passage of the economic stimulus package and the increase in FHA loan limits will help an additional 138,000 Americans achieve the dream of homeownership and will allow nearly 200,000 homeowners to refinance and potentially keep their home, according to NAR research.

In addition, NAR... Read More

If you’re like many consumers, you may think that “streamline” FHA mortgage refinance programs are those that have no costs associated with the transaction. In fact, “streamline” mortgages don’t refer to cost, but rather to the amount of underwriting and documentation executed by the lender.

HUD has permitted streamline FHA mortgage refinancing... Read More

The FHA Secure Mortgage plan recently announced by President Bush seems to be gettting the lions share of the press related to the FHA mortgage refinancing programs available to borrowers -- but it is probably not the most popular one. What is the most popular FHA mortgage refinancing option in today's world?

Probably the 95% cash out FHA mortgage... Read More