May 21, 2009
FHA bridge loan: “Rumors of my death have been greatly exaggerated”
21 May 2009
Posted by VAR
Apparently there are media outlets reporting that the FHA bridge loan (you know… THAT one) is not going to happen. It’s an understandable misunderstanding, I guess. After all, FHA announced the program in front of thousands last week at Midyear, released mortgagee letter 09-15 describing details of the program, and then later retracted it with no explanation whatsoever.
In the meantime, for whatever it’s worth, FHA released mortgagee letter 09-16, skipping right over 09-15.