HR 6694 (Down Payment Assistance)
Here is the resolution that just passed the House Financial Services Committee and is next up for a vote on the house floor. This could bring back down payment assistance … Read more
HUD Will Require 3.5% Down Payment for FHA Loans
HUD has posted changes to the required down payment structure. These changes are effective for case numbers assigned on or after January 1, 2009. Effective date – Case # assignments … Read more
FHA Modernization
Brian Montgomery, Assistant Secretary for Housing, has testified before the House Financial Services Committee that modernizing the Federal Housing Administration is of paramount importance for America’s “troubled subprime borrowers.” The … Read more