Connecticut Foreclosure

And finally, the CT FAMLIES Program. This is a refinancing option for CT homeowners to get into a new 30-year fixed rate loan and out of the ridiculously high subprime rates that some people have. Here is a summary from the CHFA website:

CHFA continues to offer the Connecticut Fair Alternative Mortgage Lending Initiative and Education […]

The FHA announced in April that is was expanding FHASecure to try and help more people at risk of losing their homes to foreclosure. According to an article on CNN:

FHASecure, under new rules that begin in July, will be open to all subprime ARM borrowers (not just ones whose loans had already reset) no more […]