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More cash down proposed for FHA-backed loans

WASHINGTON – (AP) Homebuyers insured by the Federal Housing Administration would have to provide more cash up front and meet higher credit scores under an Obama administration plan to protect the financially stretched agency. Housing and Urban Development Secretary Shaun Donovan to Read more: More cash down proposed for FHA-backed loans

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2009 12 03 admin Uncategorized Comments (0)

HUD Chief Admits Gaps In Loan Modification Program

Shaun Donovan calls the 200,000 loans modified through the program since March a “significant achievement,” but says the pace will have to pick up to have a real impact. The agency was shooting to have 3 million to 4 million loans modified over three years. » E-Mail This      » Add to Del.icio.us

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2009 07 31 admin Uncategorized Comments (0)