The White House recently said this about the new FHASecure initiative:
The Administration has moved forward within its statutory and regulatory authorities on steps to help struggling homeowners avoid foreclosure. For example, last month, the Administration launched a new Federal Housing Administration (FHA) initiative called “FHASecure,” which will bring the total number of families FHA projects to help refinance next year to approximately 240,000. President Bush calls on Congress to help an estimated additional 200,000 families avoid problems with their mortgages by passing FHA modernization legislation.