Comments on: Who will qualify for the new FHA short refi program, aka a “HOPE loan”? https://www.governmentrefinanceassistance.com/fha-short-refi-hope-loan-qualifications/who-will-qualify-for-the-new-fha-short-refi-program-aka-a-hope-loan/ Information and Updates on Government Mortgage Programs Mon, 09 Feb 2015 02:08:58 +0000 hourly 1 https://wordpress.org/?v=6.2.2 By: Lori Reef https://www.governmentrefinanceassistance.com/fha-short-refi-hope-loan-qualifications/who-will-qualify-for-the-new-fha-short-refi-program-aka-a-hope-loan/#comment-239451 Mon, 09 Feb 2015 02:08:58 +0000 http://www.governmentrefinanceassistance.com/government-financing-assistance/who-will-qualify-for-the-new-fha-short-refi-program-aka-a-hope-loan/#comment-239451 I was wondering how it says a refinance will lower mortgage balance, how can that be with all the bank and title fees?????

]]> By: Dan Remar https://www.governmentrefinanceassistance.com/fha-short-refi-hope-loan-qualifications/who-will-qualify-for-the-new-fha-short-refi-program-aka-a-hope-loan/#comment-113098 Sat, 31 Aug 2013 16:45:40 +0000 http://www.governmentrefinanceassistance.com/government-financing-assistance/who-will-qualify-for-the-new-fha-short-refi-program-aka-a-hope-loan/#comment-113098 Please send me information about this topic. Also any other programs available to help someone who suffered a medical hardship
. I think that this is a good idea but my lender is Wells Fargo and they seem to prefer foreclosure to any type of help to the homeowner even if they are trying and willin, and able to pay, as long as it is the full amount, which is the primary reason I was struggling after my recovery time after open heart surgery

]]> By: Mr. Idaho https://www.governmentrefinanceassistance.com/fha-short-refi-hope-loan-qualifications/who-will-qualify-for-the-new-fha-short-refi-program-aka-a-hope-loan/#comment-25979 Tue, 09 Nov 2010 01:35:06 +0000 http://www.governmentrefinanceassistance.com/government-financing-assistance/who-will-qualify-for-the-new-fha-short-refi-program-aka-a-hope-loan/#comment-25979 The banks will take it because of their new “to big to fail” status. It is interesting that a “moral” judgment can be levied at the notion of a loss…what is an honest profit margin? Did anyone ever hear of a bank being “to big for success”? Does anyone know where I can purchase a credit default swap for my trip to Vegas?

]]> By: Indy Mac https://www.governmentrefinanceassistance.com/fha-short-refi-hope-loan-qualifications/who-will-qualify-for-the-new-fha-short-refi-program-aka-a-hope-loan/#comment-23769 Tue, 10 Aug 2010 04:53:30 +0000 http://www.governmentrefinanceassistance.com/government-financing-assistance/who-will-qualify-for-the-new-fha-short-refi-program-aka-a-hope-loan/#comment-23769 Why would the first loan holder agree to losing 10% of the value?.. In most cases if the home is underwater, the first loan holders will get paid first thus reducing their liability to any losses in a foreclosure. It is the second line holder that is the one that may lose it all.

]]> By: Mr. Utah https://www.governmentrefinanceassistance.com/fha-short-refi-hope-loan-qualifications/who-will-qualify-for-the-new-fha-short-refi-program-aka-a-hope-loan/#comment-23722 Fri, 06 Aug 2010 22:36:05 +0000 http://www.governmentrefinanceassistance.com/government-financing-assistance/who-will-qualify-for-the-new-fha-short-refi-program-aka-a-hope-loan/#comment-23722 The Short Sale Refinance Program seems ridiculous to me. Like many of the other, government housing stabilization programs, I don’t think it can work.

Of course everybody who is underwater will want to try and take advantage of it, but why would the banks who currently hold their notes want to approve a transaction that is going to bring them such a hefty loss?

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