September 19th, 2007
More Help On The Way?
Looks like the Fed Government wants to do as much as possible to help ease the troubles of consumers with mortgage troubles. In House Eyes Changes At Housing Agency we see:
Share ThisBoth House lawmakers and the Bush administration want to allow the FHA, which insures mortgages for low- and middle-income borrowers, to back refinanced loans for borrowers who are delinquent on payments because their mortgages have reset to higher rates from low initial levels. The administration wants the FHA loan limits to be raised to $417,000 in high-cost areas.
Posted by scott on September 19th, 2007 in Economic Info |
