There is currently an FHA reform bill circulating through the legislative process in Washington.  Should some version of this bill pass, it is estimated that 200,000 borrowers may be able to qualify for an FHA loan who previously couldn’t qualify for a loan due to recent changes in the mortgage marketplace.

Of note — it is estimated that even if some form of the FHA reform bill does not pass, approximately 80,000 people can avoid foreclosure due to the FHASecure announcement from President George Bush last month.