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Survey About The Risk in Purchasing a Foreclosured Home - More than half of U.S. adults would consider purchasing a foreclosed home, though a much larger percentage believe there are negative aspects to such purchases, such as hidden costs, the potential for value declines and other risks, according to a survey.
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HOPE for Homeowners will provide another resource to the Federal Housing Administration's (FHA) existing efforts to aid struggling homeowners. Under the program, borrowers having difficulty paying their mortgages will be eligible to refinance into FHA-insured mortgages they can afford.
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 U.S. Housing and Urban Development - HOPE for Homeowners is a program help more distressed borrowers refinance into affordable, government-back mortgages. The changes will reduce the program costs for consumers and lenders alike while also expanding eligibility by driving down the borrower's monthly mortgage payments.
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