A recent Bloomberg article on FHAmortgage rates reported that FHA 2009 Endorsements Exceed $.25 Trillion. The origination of loans insured by the Federal Housing Administration during the current fiscal year, including reverse mortgages, has exceeded a quarter-trillion dollars. During June, 194,528 FHA home loans were endorsed for $36.9 billion, according to data reported by the U.S. Department of Housing and Urban Development. FHA refinance loans accounted for 96,920 of June’s endorsements, while purchases represented 88,975
Refinance and Avoid a Foreclosure
Don't ignore the letters from your lender Contact your lender immediately.
Contact a HUD-approved Housing Counseling Agency
1 comment so far
FHA loan programs are awesome for non military veterans!! FHA is so much better than the subprime mortgages that brokers were peddaling for years. Like the VA loans, FHA mortgages are government insured loans that have helped many people become new homeowners. Hopefully lending guidelines change enabling to help more homeowners refinance.
Gabby Rodriquez
VA Home Mortgage Loans
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