FHA Plans to Expand Credit Access

Since its inception, this blog has sought to assist homeowners in avoiding foreclosure. One way to do so is to help them avoid getting into credit trouble with their mortgage lender. With that in mind, today we have a brief blurb on a new plan to expand credit access for borrowers without increasing risky situations that normally such expansion could create. The FHA has announced a new program to help counsel borrowers to avoid the possibility of loans becoming seriously delinquent, a major step toward possible foreclosure. A new program, Homeowners Armed With Knowledge (HAWK) is including counseling in the home buying process as a means to avoid risky decisions or loans. This will be on FHA-insured loans. For more info, contact your lender or go to FHA's web site: www.fha.com . As always, good luck.