Refinance.com Creates FHA Hotline

Citing temporary rule changes by the Federal Housing Administration in response to the subprime mortgage crisis, Refinance.com has announced the creation of an online resource for borrowers seeking to refinance with an FHA loan.The company, a mortgage bank headquartered in New York, said assistance would be available online, or by phone at 1-888-FHA-1776. "A bad mortgage does not automatically make a bad borrower," said Nicholas Bratsafolis, chairman of Refinance.com. "It is unreasonable and unfair to blame the current subprime mortgage crisis solely on the borrowers. Good people may have been enticed into bad loans, and that appears to be the case quite often regarding the subprime market." The company can be found online at http://www.refinance.com, and the hotline can be found at http://www.fhahotline.com.