An ill-fated $300 billion program Congress approved in 2008 to refinance delinquent underwater borrowers into Federal Housing Administration (FHA) loans will expire Sept. 30 – after providing relief to less than 600 borrowers.

FHA recently put out a notice telling lenders that they must obtain a case number by July 27 if they want to a get their last “Hope for Homeowners” loan insured.

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