A History of the FHA Mortgage Program
Tuesday, September 4th, 2007 at
1:18 am
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George W. Bush today announced that HUD’s Federal Housing Administration (FHA) will help an estimated 240,000 families avoid foreclosure by enhancing its refinancing program effective immediately. Under the new FHASecure plan, FHA will allow families with strong credit histories who had been making timely mortgage payments before their loans reset-but are now in default-to qualify for refinancing.”
The remainder of the press release on this subject can be found on HUD’s website here.
Since most people are unaware of the FHA insurance program and what it does, now would be a good time to take a look at the history of FHA.
