FHA Secure Plan information, FHASecure, Foreclosure, Bad Mortgage Rate, Mortgage Crisis, Low Interest Rate Home Loans

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FHA Secure Plan information, FHASecure, Foreclosure, Bad Mortgage Rate, Mortgage Crisis, Low Interest Rate Home Loans

FHA Secure initial press release
by Steve O'Halloran - HUD.gov
President George W. Bush today announced that HUD's Federal Housing Administration (FHA) will help an estimated 240,000 families avoid foreclosure by enhancing its refinancing program effective immediately. Under the new FHASecure plan, FHA will allow families with strong credit histories who had been making timely mortgage payments before their loans reset-but are now in default-to qualify for refinancing. [more]

Tips for Avoiding Foreclosure
by HUD.gov

Are you having trouble keeping up with your mortgage payments? Have you received a notice from your lender asking you to contact them?

Don't ignore the letters from your lender
Contact your lender immediately
Contact a more]

A Real Solution to the Mortgage Crisis - Reseting Rates to the Current Market Rate while Extending The Term Of A Loan Beyond 30 Years
by FHASecure.info

One of the biggest threats to the future of the economy of the United States began only several years ago. Due to overconfidence in the future housing market, bad financial advice, rampant predatory lending, an arrogance as it related to their own future earning potential, or one of many other reasons, thousands of homeowners took out adjustable rate loans they could not ultimately afford once their initial teaser rate reset. [more]

New Steps To Help Homeowners Avoid Foreclosure
by Office of the Press Secretary - HUD.gov

New Steps To Help Homeowners Avoid Foreclosure

President Bush Announces Steps To Help American Families Keep Their Homes And Reform The Mortgage Finance System

Today, President Bush Announced Steps At The Federal Level To Help Homeowners In Need Of Assistance Avoid Foreclosure. [more]

Statement by the President on Homeownership Financing
by Office of the Press Secretary - HUD.gov

THE PRESIDENT: Good morning. Thank you for joining me. Secretary Paulson and Secretary Jackson gave me an update on the strong fundamentals of our nation's economy. Economic growth is healthy, and just yesterday we learned that our economy grew at a strong rate of 4 percent in the second quarter of this year. [more]