When FHA loan programs added, Hope for Homeowners, many people believed that this would stop the foreclosure crisis.  Unfortunately the FHA mortgage lenders have not responded as hoped and the program is far from a success.  Kelly Media Group president, Jason Cardiff said, “FHA needs to reevaluate the lenders associated Hope for Homeowners, because clearly they are hindering governments latest FHA refinance program.”

Don’t Get scammed by lenders pretending to offer foreclosure prevention or realtors offering short sale solutions because it won’t help your credit.

According to the recent FHA outlook report, and as anticipated in our recent post, the Hope for Homeowner program had no endorsements. In the last 2 weeks of November, there were fifty four Hope for Homeowner applications; down from the sixty nine applications in the first two weeks. Read more about the struggling H4H program here.