FHA has helped 300,000 families find relief with government-backed mortgages

U.S. Department of Housing and Urban Development Secretary Steve Preston today announced that 300,000 families have refinanced their mortgages with HUD's affordable mortgage insurance program. Since September 2007, FHASecure - the Federal Housing Administration (FHA) refinancing product - has provided struggling families with expanded access to safe and affordable mortgage financing. FHA is on pace to help 500,000 families by the end of the year.

For the full comments from HUD, please visit: http://www.hud.gov/news/release.cfm?content=pr08-118.cfm