new fha reform bill passed

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Icon Mini Profile whitetail187




Joined: 29 Jul 2008

Posts: 2

2.21 Dollars($)
PostPosted: Wed Jul 30, 2008 3:38 pm    Post subject: new fha reform bill passed

will the new fha reform bill help us that are behind on our arm loans even if we have bad credit? I heard on the news that bush signed it today
Icon Mini Profile larry




Joined: 27 Jun 2007

Posts: 3328

474.49 Dollars($)
PostPosted: Thu Jul 31, 2008 3:16 am    Post subject:

Hi whitetail.

Welcome to the forum.

Yes the new law will help the delinquent borrower in refinance the mortgage and turn the ARM into FRM. Know more about the features of the bill discussed before at http://www.mortgagefit.com/news/bill-avoidforeclosure.html

Feel free to ask if you have any further questions.

Best of luck,
Larry
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