Well, FHA has had quite an interesting year. From being a has-been in the mortgage industry to the most promising hope for borrowers in trouble, FHA is certainly making a come-back. But, as with all comebacks, there have certainly been some road bumps. The Senate has still yet to vote on HR 1852 and its own bill offers some differing options. The battle with DPAs looked to be over this fall, but will carry on into the New Year. FHA Secure was announced, but has failed to deliver on the big promises made by the President.

More than anything, 2008 is looking like it could be a much better year for borrowers. Although many borrowers will still face the pain of resetting ARMs, the country has woken up to unfair and predatory lending practiaces, as well as the need for an FHA plan that reflects the market of today. As long as modernization is implemented, this year very may well be the year FHA makes its big return.

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