About Government Refinance and Home Purchase Programs

Information and Updates on Government Mortgage Programs
Filed under Government Mortgage Financing Programs News

Jeanne Sahadi over at CNNMoney.com recently gave this review of FHA and other govement backed loan bail-out programs:

NEW YORK (CNNMoney.com) — Lend a hand to distressed homeowners? No way, say many, who worry the tab will come out of their pockets as taxpayers.

Some proposals, it’s true, would be directly financed by taxes. For example, the Senate voted in favor of an appropriations bill that earmarks $100 million to provide housing counseling for those facing foreclosure.

But some proposals would cost taxpayers money only in a worst-case scenario.

The worst case for FHA and Fannie and Freddie

Taxpayer dollars, for instance, don’t directly support the Federal Housing Administration’s loan insurance program – the premiums paid by homeowners with FHA loans do.


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