Real estate blog entries tagged with hud by Lakewood Lending Group, LLC (NMLS#132141)

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Home : Blogs : Jeremiah Wean (NMLS#132221) : Indiana USDA Home Loan Professional : Tag "hud"

hud: Comment Now Before FHA Takes Another Bullet Out of Your Gun - 06/17/08 08:57 PM

DPA Killer The Storm is Coming.

Hud is trying to deliver another knockout punch to the housing industry. Round 2 at eliminating Down Payment Assistance. The proposed rule has just been published and has a 60 day comment period ending on August 15, 2008. HUD's topline motive is that loans carrying down-payment assistance have a higher default rate. I don't think there is any way to logically argue against that fact; a borrower with no money involved is likely to walk away. HUD manages this higher default rate the same way they manage all defaults. … (6 comments)

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Jeremiah Wean (NMLS#132221)

Indianapolis, IN

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Lakewood Lending Group, LLC (NMLS#132141)

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