HUD Launches HOPE for Homeowners on Time But It May Take a While for Lenders to Gear Up
October 10, 2008
Department of Housing and Urban Development Secretary Steve Preston officially launched the HOPE for Homeowners program this week, but it’s unclear how quickly the complex program will ramp up significant production volume. Designed to give distressed homeowners a way to refinance mortgages that exceed the current value of their property...