Signed into law in July, the Federal Housing Administration’s HOPE for Homeowners
program began October 1. While it was debated for several months before being approved, it’s been a bit overshadowed by the $700 billion bailout bill. The program, which will offer 30-year fixed mortgages, will end on September 30, 2011. It’s expected that it will be a few weeks before consumers can take advantage of the program because banks just recently received the details. There is also some speculation on how many lenders will actually use of the program. To be eligible for the program,
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