Nebraska joins NAMB ranks – NMP Skip to main content

Nebraska joins NAMB ranks

National Mortgage Professional
Mar 10, 2008

75,000 closed home loans for HUD's FHASecureMortgagePress.comAlphonso Jackson, refinance, avoid foreclosure U.S. Housing and Urban Development (HUD) Secretary Alphonso Jackson announced that HUD's FHASecure product has helped approximately 75,000 homeowners refinance their mortgages and avoid foreclosure. FHASecure has enabled thousands of families—who are current on their home loans or past due because their teaser rates reset—to close on loans refinanced through HUD's Federal Housing Administration (FHA), which is backed by the full faith and credit of the government. "FHASecure has given homeowners an opportunity to save their American Dream without risking their financial future, and hundreds of people are taking advantage of that benefit everyday," said Jackson. "Over the past five months, FHASecure has helped about 500 families a day close on their new government-backed loans. FHASecure remains on pace to offer refinancing to 300,000 families by the end of this year who are making on time payments or cannot afford their payments now that their teaser rates reset." For more information, visit www.hud.gov.
Published
Mar 10, 2008
Mortgage Industry Will Soon Be ARMed To The Teeth

ARM loans might be a saving grace to borrowers who recently purchased a home, but it comes with risks.

Industry News
May 20, 2022
Battle Between Loan Originators Gets Sparkly and Dirty

Flowers is suing both Durosko and Peevey for these pranks, demanding compensation for their harmful acts, but that doesn’t tell the whole story. 

Industry News
May 18, 2022
FirstClose Receives $35M Investment From Lateral

Fintech says it will use the investment to expand its growing financial services footprint.

Industry News
May 18, 2022
Mortgage News Network Launches Podcast On Helping Underserved Borrowers

'Gated Communities' looks at why homeownership gap is increasing, and what lenders are doing to reverse the trend.

Industry News
May 17, 2022
Class Valuation Appoints EVP Of Valuation Modernization

Cristy Conolly will focus on removing bias from the equation in appraisals.

Industry News
May 17, 2022
Open Mortgage Appoints New Chief Financial Officer

Anthony Nolte, Open Mortgage's CFO since 2019, will transition to chief legal officer.

Industry News
May 17, 2022