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News and Notes
FCIC draws on a variety of sources to bring you useful consumer news, tips and advice.

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Expansion Of FHASecure Mortgage Assistance For Struggling Homeowners

The Bush Administration implemented an expansion of its flagship mortgage insurance program to assist more homeowners who are struggling to keep up with their high-cost subprime adjustable rate mortgages. HUD's Federal Housing Administration (FHA) has expanded its FHASecure refinancing product to help bring liquidity to the housing market and insure more mortgages for borrowers who were late on a few payments and/or received a voluntary mortgage principal write-down from their lender. Read more...

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