Via Reuters:
The FHA will soon launch a new program called "FHA Secure" to allow homeowners with good credit history, but who cannot afford their current payments, to refinance into FHA-insured mortgages, Bush said.
"This means that many families who are struggling now will be able to refinance their loans, meet their monthly payments and keep their homes," he said.
For the cynical take, see The Big Picture. Tanta at Calculated Risk is "underwhelmed". Looks like sound and fury to me...not sure it signifies very much.
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