The Federal Housing Administration's Hope for Homeowners program launched on Wednesday to very little news coverage or fanfare. Here are the features of the program, according to the FHA.

30-year, fixed rate mortgage
Maximum 90 percent loan-to-value ratio
No prepayment penalties
$550,440 maximum mortgage amount
Extinguishment of any subordinate liens
New home appraisals from FHA-approved appraisers.

Two media outlets that have [...]