HOPE for Homeowners Origination Guidance - But Will it Help YOUR Clients?

While the hoopla over HOPE was great, the resulting guest list for the party is short and most of us didn’t get invited. The majority of investors, who we in the mortgage industry would be selling or brokering these loans to, have said, “After reviewing the program, HOPE for Homeowners will not be eligible for purchase from third party originators.”

(FHA Mortgagee Letter 2008-09, October 1, 2008)

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