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Volume 2008 - Number 20_IAM

October 3, 2008

New FHA Refi Program Launched

The Department of Housing and Urban Development this week launched a new FHA alternative loan product designed to give the growing number of underwater mortgage borrowers a chance to refinance to a more economic loan. Authorized by the 2008 housing act, the new HOPE for Homeowners program features an unusual equity-sharing mechanism and underwriting requirements...

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The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

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