HUD Officials Caution that HOPE for Homeowners Will be Onerous for Lenders and Borrowers
October 23, 2008
Although interest in HOPE for Homeowners is running high, officials from the Department of Housing and Urban Development aren’t sure how many lenders will participate in the program and lenders question how much business will get done under the tough standards mandated by Congress. At the Mortgage Bankers Association’s annual convention this week in San Francisco, FHA...