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Tag Archives: federal housing administration
Obama’s new home refinancing plan
The Obama administration uncovered its plan to help homeowners refinance their mortgages with historically low rates. The plan would allow homeowners current on their mortgage to save an average of $3,000 a year by refinancing into loans backed by the … Continue reading
Federal Housing Agency could need bailout
According to the FHA’s latest monthly outlook report, there is a jump in serious deliquencies for loans insured by the FHA, from 8.4% in August to 9.3% in November. However the FHA already has depleted cash reserves from dealing high … Continue reading
