More relief is on the way for underwater borrowers, assuming lenders agree to take part in the voluntary program it will be a big hit .
On September 7, the FHA will begin offering FHA loans to certain underwater non-FHA borrowers who are current on their existing mortgages via the FHA Short Refinance program, originally unveiled back in March.
In order to take advantage of the FHA’s “short refi,” homeowners must qua...
