March 29, 2010
Technorati Tags: loan modification,foreclosure help,government program The White House announced an expansion of the Home Affordable Modification Program (HAMP) on Friday. The details are still limited, but the expansion of this program is designed to help homeowners who are in need of foreclosure help, and possibly be allowed to stay in their homes. This [...]
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January 21, 2010
The Federal Housing Administration (FHA) has determined that it will be raising home buyer’s up front costs for mortgage insurance, increasing the down payment requirements for borrowers with lower credit scores, and decreasing the acceptable amount of seller concessions. These new guidelines will begin taking effect in the spring and summer.
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