FHA Short Refinance Program By C. J. Coury
Will The New FHA Short Refinance Program Help Stem The Foreclosure Tide? By C. J. Coury Many of you have asked me what I expect the market impact to be of the newly released government program that calls for some principal reduction on the part of the lender. This is the FHA Short Refinance Program and here are the highlights of it: Program dates are 9/7/2010 to 12/31/2012 Borrower must owe more on their first mortgage than the property is worth Program is for primary residence occupancy only Mortgage being refinanced must be current Borrower’s […]
Monday, October 25, 2010
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