Comments on: FHASecure: Did It Really Do That?

By: Angie_Perez

Angie_Perez — Tue, 16 Sep 2008 22:26:53 +0000

What’s going to happen wit real estate in 2009? I have several clients asking me this question and just curious on how you would respond.

By: Jesse

Jesse — Sat, 06 Sep 2008 06:04:03 +0000

I have been saying what Peter said since the inception of the “program” that was suppose to help SOOOO many people. As you say VA Refi, it never works. The underwriters I talk to say they RARELY approve one. The borrower can’t have had any late payments prior to the re-set. HELLO!!! The reason they have a sub=prime 2/28 in the first place is because they had lousy credit in the first place. Bush and his idiot bandits think this program is going to be the big feather in their caps. They come up with these programs without doing some “real life” research. It failed the first time, and obviously, it is doomed again.

By: VA Refinance

VA Refinance — Thu, 07 Aug 2008 16:31:30 +0000

Peter, thanks for the insight. I also had and have a very hard time believing that the FHA Secure program even works. I have tried to do the loan for many of my borrowers but there is always something that comes up that does not qualify my borrower. I hope that we can get this fixed