Sometimes it feels like our leaders pay more attention to how legislation will play in the media than how it will play in real life. If I understand it correctly, the mortgage rescue bill that passed in the House has a couple of provisions that I find a little disturbing.
First, in order to qualify for an FHA refinance [...]
Tag Archives: foreclosure help
Mortgage Rescue: Image Is Everything
FHA: Here Today….
While the Bush administration is talking up its mortgage rescue operations for delinquent borrowers, a New York Times article implies that the cash-strapped agency may not be able to pony up. For the first time in its history the Federal Housing Authority faces a deficit, primarily due to defaults on loans featuring seller-financed down payments. [...]
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