Government Foreclosure Rescue Program
Jun 24th, 2008 | By cboatright | Category: Short Sale Questions, Short SalesThis is something all of us need to keep a pulse on.
http://news.yahoo.com/s/ap/20080624/ap_on_go_co/congress_housing
Summary:
The centerpiece of the package is a foreclosure rescue program in which the Federal Housing Administration would provide $300 billion in new, cheaper mortgages for distressed homeowners who otherwise would be considered too financially risky to qualify for government-insured, fixed-rate loans.
Borrowers would be [...]
