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.

Well, Realtor magazine says it’s just a matter of time before guidance on the bridge loan is re-released.

In the meantime, for whatever it’s worth, FHA released mortgagee letter 09-16, skipping right over 09-15.