Thursday, October 2, 2008

FHA Short Refinance Continued

The FHA short refinance is the topic of the day as millions of homeowners upside down in their mortage loan are considering the best alternatives. It remains to be seen if the bailout will be passed by the House tonight, although some changes are surely on the way and the FHA short refinance is among them.

FHA short refinances are taking place and have been a vehicle for the mortgaeg industry and various loss mitigation alternatives. We will review the FHA short refinance in more detail as this is an ongoing story.