A glimpse back in history at the cancelled FHA Secure program and why the Frequently Asked Questions were revised. Today, it is is replaced by Making Home Affordable, an official program of the US Treasury Department and US Housing and Urban Development (HUD).
The prior policy behind this FHA Secure 2009 update is hard to fathom:
Note that FHA, the Federal Housing Administration, was clarifying that being current on mortgage payments did NOT disqualify homeowners from utilizing FHA Secure, designed to aid those facing foreclosure.
Sadly, it was too late for many homeowners who went delinquent on monthly house payments and, in turn, were still disqualified from the program.
Although FHA Secure was deemed a failure, it paved the way for the Making Home Affordable Program which has helped thousands of homeowners.
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