No One At All Happy With FHA Modification Results

Collins, Brian
September 2011
Mortgage Servicing News;Sep2011, Vol. 15 Issue 9, p1
article reports on the Federal Housing Administration's (FHA) two programs that aim to facilitate voluntary principal writedowns on conventional mortgage loans in the U.S. It notes the Hope for Homeowners program, which was created by the Congress in 2008 and ends in September 2009, and mentions the newly designed Short Refinance scheme that aims to help underwater homeowners facing difficulty on their loans. However, the FHA officials are disappointed with the program and plan to change it.


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