The housing market is going to remain a top story in the news for the next few years. Members of Congress are eager to put legislation in place to help home owners who are struggling to make their house payments or may be in danger of becoming foreclosed. Their has been a lot of speculation as to how the government will assist home owners and it is becoming more clear that one avenue that will definitely help is the role of the FHA or Federal Housing Administration.

Last year President bush announced a new program fha secure which will most likely be a key component in working with borrowers who are facing foreclosure. The role of the fha will likely continue to evolve and become more important as borrowers face fewer loan options with increased pressure on mortgage lenders to tighten their underwriting and credit guidelines.

3-9-2008©LowRateMortgage.com

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