HUD Allows FHASecure to Fold, More Emphasis on H4H Program
January 5, 2009
The Department of Housing and Urban Development has decided to let the FHASecure refinancing program lapse as originally intended rather than extend it as many mortgage industry participants have urged. Upon sunset on Dec. 31, the program that was once touted as a powerful vehicle for rescuing an estimated 240,000 delinquent borrowers on the brink of losing their homes had very...