According to Secretary of Education Betsy DeVos, this undermines the federal government's authority as well as their ability to create
a streamlined federal loan program.
Not exact matches
The
Federal Housing Administration (FHA) offers a special refinance
program for homeowners who have an existing FHA
loan: the FHA
streamline refinance.
In this note, I discuss who would win and who would lose under different strategies for
streamlining federal grant
programs into a single
program (I set aside the
loan programs).
FHA
loans include purchase
loans, home construction
loans, and
streamlined refinance
loans insured by the
Federal Housing Administration; as well as
loans for «special» FHA
programs such as Back to Work, which allows for recent bankruptcy, foreclosure, or short sale.
The FHA
Streamline Refinance
program is a special refinance
program for people who have a
Federal Housing Administration (FHA)
loan.
Still, borrowers should know Trump's desire to
streamline federal programs into a single option means some of these
loan types and forgiveness plans could be changed or canceled as well.