America?s Mortgage Crisis ? Find Help on

The temperature isn't the only reason Americans are sweating this summer; many homeowners are still feeling the heat of foreclosure notifications. Over 340,000 American homes were repossessed by banks in the first six months of 2008, up 136 percent from the same time last year, according to the S&P/Case-Shiller Home Price Index. The number of delinquent mortgage holders has also increased to 1.4 million, up 56 percent from 2007. In these uncertain times, consumers need to stay informed about their options.

One promising development: A $300 billion housing rescue bill was signed into law in late July. Starting October 1, 2008, thousands of at-risk borrowers will be able to apply for new low-cost fixed rate loans insured by the Federal Housing Administration (FHA).

Need Immediate Assistance?
Find information on today by exploring the links below to learn more about the housing counseling and refinancing programs listed.

Housing Counseling Assistance Program
Adjustable Rate Mortgage Insurance (HUD/FHA)
Housing Finance Agencies (HFA) Risk Sharing
VA - Home Loans - Cash Out Refinance (Regular Refinance)

For a complete list of housing and loan programs offered by HUD, use's Federal Agency Search and select the "U.S. Department of Housing and Urban Development" from the list. For more information on qualifying and applying for the new FHA program mentioned above, contact your current mortgage service or find an FHA approved lender for assistance by visiting