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Loan Modification

: The Truth About Mortgage.com

FHA Warns It May Need Assistance to Operate

By scot184

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The FHA continues to be overwhelmed by surging loan volume, as evidenced by remarks from Kenneth M. Donohue, Inspector General of HUD. Donohue told the Financial Services Committee this week that FHA lending volume tripled during fiscal year 2008, increasing to $180 billion from $59 billion a year earlier. And looking at first quarter data for fiscal [...]

Full post as published by The Truth About Mortgage.com on June 19, 2009 (boomark / email).

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