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Loan Modification

: The Truth About Mortgage.com

FHA Short Refinance Program Has Resulted in Only 15 Refis

By scot184

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The FHA Short Refinance program, made available to loan servicers in June but formally launched in October, has resulted in just 15 refinances as of December 31, according to Congressional testimony from the Special Inspector General, Neil M. Barofsky. A short refinance is a transaction in which a mortgage lender agrees to pay off a [...]

Full post as published by The Truth About Mortgage.com on January 26, 2011 (boomark / email).

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