hud: Refinance Facts and The Presidents "New Plan"... - 12/08/07 07:54 PM
I trust you will find this article useful regarding the Federal Plan to help some subprime borrowers announced yesterday by President Bush. This will help you answer the questions that will come your way. It's a great opportunity to attract some Refi business in December and January. A few Refi facts that (3 comments)
hud: HUD IS DEFEATED BY GRANT AMERICA PROGRAM - 11/08/07 10:10 AM
On October 31st, in Federal District Court, Judge Freidman handed down a stunning upset ruling in the Penobscot Indian Nation v H.U.D. case Civil Action # 07-1282. Judge Freidman's four page ruling prohibits HUD from enforcing the rule banning downpayment assistance programs that charge property seller's a fee. The Penobscot Indian (0 comments)
hud: FHA DOWN PAYMENT ASSISTANCE PROGRAMS ARE BACK!! - 11/05/07 12:19 PM
HUD is NOT implementing their rule prohibiting seller assisted downpayment programs (Nehemiah, Ameridream, etc.).This rule was scheduled to take effect on October 31, 2007; however, the U.S. District Court of the District of Columbia issued a preliminary injunction on October 31, 2007 to block implementation of the rule. This injunction is (1 comments)
hud: FHA UPDATE & INFORMATION - 10/22/07 09:28 AM
HUD issued a final rule amending the regulations regarding specific standards for a mortgagor's investment in property which is to be insured by FHA. The rule defines a prohibited source of down payment assistance as a payment that consists in whole or in part, of funds provided by any of the following (9 comments)