streamline refinancing

Congress urged to use FHA to help with Mortgage Lending Crisis

A leading consumer group involved with lending practices and community rebuilding is lobbying congress now to use the FHA and arrange more realistic refinancing for all the people with "sub prime" loans who are facing bankruptcy and loss of their homes right now. The estimates of the numbers of now questionable loans exceeds a million, and they say this would be intolerable to have this many families out of their homes in such a short time period and would have devastating ripple effects across the economy as a whole."Homeowners with subprime mortgages struggling under payments need federal government help to ease them through the crisis, a leading consumer advocacy group said on Wednesday."..more thereed:they certainly need something. Affordable low end housing* is fast disappearing, and with zero employment guarantees anymore (jobs disappearing overseas, etc), it is going to keep creeping up the ladder into the middle classes even worse.