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Loan Modification
: The Truth About Mortgage.comFHA Bailout Gets Underway
By scot184
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As expected, the FHA has begun relying on government appropriations to operate, the first time in its 75-year history.
Of course, the $800 million in requested funds from Congress will only go towards its reverse mortgage program, which Hud Secretary Shaun Donovan called ?very sensitive to the projected path of long term house price appreciation.?
In other [...]Full post as published by The Truth About Mortgage.com on May 08, 2009 (boomark / email).
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