HUD is out with still-another news release proclaiming the real estate equivalent of “Mission Accomplished.”
According to HUD, “in August 2007, the Bush Administration launched a new initiative at FHA to modify its refinancing program, FHASecure, to help creditworthy homeowners read more
It was last August when HUD first allowed the use of the LIBOR index with FHA ARMs.
In other words, borrowers –who had been able to get an FHA adjustable-rate mortgage with rates that move up or down with the one-year Constant Maturity Treasury (CMT) index — read more
Peter G. Miller is a syndicated real estate and personal finance columnist who appears in more than 100 newspapers nationwide. His columns for Realty Times are carried by thousands of websites. Author of The Common Sense Mortgage -- a book with unit sales well into six figures -- Mr. Miller has been featured on such media outlets as Oprah, The Today Show, NPR and CNN.
Mr. Miller's work also appears on such sites as RealtyTrac and Mortgage Lenders Plus, and he has been a long-time columnist with the leading magazine for real estate brokers, the Real Estate Professional.
Heindrick So is a mortgage consultant at a local Bay Area Real Estate Brokerage - specializing in residential wholesale lending.
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