Thursday, October 2, 2008

Bailout Bill Sent Back to House; HOPE; More on DPA's

What is happening today in mortgage lending:

Bailout Bill Sent Back to House After Senate Passage (Update1)

Study these mortgagee letters and the press announcement for HOPE you may have some opportunity to get some more business.

FHA issues new mortgagee letters giving more help for borrowers who are behind on their mortgage payments.

Mortgagee letter 2008-29 HOPE for Homeowners Origination Guidance
Mortgagee Letter 2008-30: HOPE for Homeowners Servicing Guidance

BUSH ADMINISTRATION LAUNCHES "HOPE FOR HOMEOWNERS" PROGRAM TO HELP MORE STRUGGLING FAMILIES KEEP THEIR HOMESDetailed Program Eligibility Requirements Announced

CONFIRMED: Seller-Funded Downpayment Assistance Generates Homeownership at No Cost to U.S. Government or Taxpayers

Shirley Nault has been a mortgage professional for over 20 years. Visit her other mortgage web sites go to: www.naultfhatips.blogspot.com or www.dutips.blogspot.com

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