Relevant:
- Refinancing For 30-Year Fixed Rate Mortgage Below 5%; More Helpful Than Home Loan Mortgage Modification?
- more refinancing borrowers go with shorter terms
- nearly 100 percent of homeowners chose fixed mortgages when refinancing
- With Fixed Rates This Low, Who Needs ARMs?
- Federal agency seeks underwater borrowers for HARP program
2007-12-18 — loanworkout.org
'It has been 4 months since President Bush announced a new refinancing program called the FHA Secure. This new refinancing product was touted as a foreclosure prevention device and viable alternative to homeowners stuck in adjustable rate mortgages as a way “out†of their toxic loan and into a 30 year fixed FHA insured mortgage.'
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