fha secure - 32 posts found << < 1 2 > >>
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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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The Perfect FHA Secured Fix |
| 6/2/2008 1:50:56 PM |
With the onset of the housing crisis, the government has come out with FHA secured programs to bail out homeowners and lenders. The FHA secured loans offered by the government are an answer to the lenders request for government help. Without the help of these FHA secured loans some of these lenders would go into financial trouble. The main thing that these FHA refinance... Read More |
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You Might Qualify for an FHA Mortgage Refinance |
| 5/23/2008 11:57:21 AM |
There are many people that can benefit from doing a FHA mortgage refinance and are not taking the chance. FHA mortgage refinance programs can be a great asset to today’s homeowners that want to lower payments or get out of an adjustable rate mortgage. FHA loans have always been a great option with very low interest rates. There are many people that due to economic problems... Read More |
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Definition and Benefits of FHA Secure |
| 5/16/2008 12:20:38 PM |
FHA Secure is a refinancing option that is available to homeowners with non-FHA adjustable rate mortgages, more commonly referred to as ARMs, and regardless of current or delinquent ARMs, FHA Secure gives home owners the chance to refinance into a FHA insured mortgage. The benefits of FHA Secure is that the lender will not deny you because your delinquent loan, and that... Read More |
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FHA Secure Bailout Programs Not Funded Yet |
| 5/10/2008 10:51:17 AM |
 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. The FHA Secure program helps people with an FHA mortgage refinance by giving... Read More |
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Will the FHA Secure Rate Reduction Plan Help You Pay Your Mortgage? |
| 5/10/2008 10:25:13 AM |
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. However, there is some limited relief in sight because of the FHA secure... 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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Look into an FHA Refinance if You Have a Non Conforming Loan Now. |
| 4/28/2008 12:50:02 PM |
 During the real estate boom a few years back, lots of the mortgages that were originated were non conforming, which means that that they did not meet the lending guidelines of Fannie Mae and Freddie Mac. Since some of these loans have been bad for a number of homeowners, lenders are looking once again at getting their clients into an FHA refinance, and out of that non... Read More |
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Slow But Steady To Get Your Mip Refund |
| 4/22/2008 8:56:07 AM |
You just finished closing the sale of your home or just refinanced your existing mortgage and you’ve heard that you might be in line for a mip refund. If you had an FHA-insured mortgage, you may be eligible for a mip refund from HUD/FHA. Review your settlement papers and check with your mortgage company to see if you paid an insurance premium during closing. You may be... 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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An FHA Secure Rate Reduction Plan May Save You Money |
| 4/13/2008 11:29:10 AM |
 People who have those designer loans from the mid 2000's really need to think about refinancing their loans with an FHA secure rate reduction plan. If the value of the home is less than $417,000, home owners can take advantage of the FHA secure rate plans to reduce their interest rates, and best of all, reduce their monthly payments. Many lenders are making these loans... 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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The New Housing Bill Uses FHA Secure Loans, and Will Raise Cap |
| 4/4/2008 7:21:26 AM |
 Earlier this week I reported that FHA Secure loans were making the infomercial rounds, and now they are being discussed on National Public Radio (NPR). They were discussing the benefits of FHA secure loans on All Things Considered, and how the Congress wants to raise the cap on these loans from $417,000 to $550,000, which many politicians believe will be a great stimulus... Read More |
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FHA Secure Loans Making the News Again! |
| 4/1/2008 8:28:45 AM |
The infomercial world stays on top of what is going on in new trends with products, and sometimes even sets the trends. I caught one that was pretty interesting, about FHA Secure mortgages. The federal government has started promoting these loans as refinancing vehicles, and they have some major advantages over conventional refinancing.
The first advantage for people who... Read More |
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FHA mortgage refinance: is now the time? |
| 3/20/2008 4:24:42 PM |
How is that mortgage rate? Is is a nice low rate that you just renegotiated or are you stuck with a ticking time bomb that's up for renewal in the next six months?
Perhaps things are not as bleak as you feel. The Federal Government has ponied up a bit lately and cut lending rates--at least that will help some people that are in dire straits.
However, you do have other... Read More |
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The FHA Secure Rate Reduction Plan is So Worth While |
| 3/16/2008 11:04:00 AM |
 Someone just emailed me a very interesting article about the Federal Reserve's activities last week concerning a possible bailout of Bear Stearns, one of the largest investment brokerages in the country. It seems that they are upside down with subprime mortgage debt, and experienced a run on accounts, as investors worry about the bank's liquidity. Apparently, the Fed is... Read More |
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fha secure - 32 posts found << < 1 2 > >>
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