Feb 22 2008
FHA Secure Update
Thanks for nothing! Sometimes the government does stuff to help us and sometimes they do stuff so that we think they are helping us. FHA Secure falls in the latter category. To date nationally FHA has only done approximately 400 true FHA Secure loans. Remember this was suppose to help us all out of our loan crisis issue. A great plan that just does not work in the real world. To make matters worse the FHA website is telling us all what a great program FHA Secure is and that they have done thousands of loans. What they have done is thousands of FHA cash out refis. That is great but nothing new and certainly not FHA Secure. For more detail on FHA Secure read my post from November 21st.