Summary: Subprime mortgages are under attack from all fronts. Investors are withdrawing support, lenders are filing bankruptcy, programs are being eliminated, credit is tightening, and Congress is being pressured into action. So what do borrowers with less-than-perfect-credit and minimal downpayment money do? They look at FHA mortgages! FHA is kinder toward credit, is underwritten by "people," and has some terrific programs for purchases AND refinances. This episode of Your Home-Your Money will give you the goods on Federal Housing Authority loans. Join Bill and Art today.
