Posted by JanetK_CA on 9/9/10 3:57pm
Msg #352049

FHA Short Refinance Program

I wonder how many more people will be able to qualify for this FHA Short Refinance Program:

http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/files/10-23ml.pdf.

Obviously, this won't help everyone, but hopefully it will be a solution for many - and a boost in business for us. It'll also be interesting to see just how "short" these refi packages are, once they hit the market. Since this falls under the Making Home Affordable program, they may be closer to a modification than a refi.

Reply by Shauna/WA on 9/9/10 4:01pm
Msg #352051

Thanks Janet - very interesting. I've already forwarded the link to a friend who can use this program immediately. Let's hope for lots of business out of this program!