All Posts Tagged With: "failure"
Mortgage Surprise? What Mortgage Surprise?
The most used word in the world of mortgage financing during the past few weeks has been “surprise,” as in, “oh my, cover your eyes and turn away from those poor wretched loans.”
“The U.S. mortgage giant Freddie Mac said it would no longer buy those high-risk home mortgages that it deems to be [...]
9Nov2009 | Peter G. Miller | 0 comments | Continued
Is The Public Really “Confused” About FHASecure Mortgages?
HUD was supposed to help borrowers with toxic loans. After all, President Bush said the FHASecure program “will allow American homeowners who have got good credit history but cannot afford their current payments to refinance into FHA-insured mortgages.”
HUD, however, has redefined the mission. It now says that its FHASecure information has been “modified to [...]
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