|
| |
ban: Campaign Launched to Undo Down Payment Assistance Ban - 08/19/08 08:28 PM
Daily Real Estate News | August 19, 2008
Campaign Launched to Undo Down Payment Ban The Housing and Economic Recovery Act prohibits the Federal Housing Administration from insuring loans made with a seller-funded down payment. This essentially bans the practice since nearly all these loans are made with FHA-guaranteed financing. The ban takes effect Oct. 1, 2008.The Nehemiah Corp. of America, the nonprofit responsible for arranging thousands of these loans, has launched a campaign and Web site to persuade Congress to override this aspect of the housing bill. The site includes a countdown clock tracking the end of DPA to the second, a … (2 comments)
|
|
|
|
|
|
MELINDA POTCHER
Albuquerque,
NM
More about me…
DIVINE MORTGAGE, LLC
Address: 9400 Holly Drive NE Bldg. 4 Suite A, Albuquerque, NM, 87122
Office Phone: (505) 821-7777
Cell Phone: (505) 259-6397
Email Me
 Links
Archives
|
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2012 ActiveRain Corp. All Rights Reserved
;)
;)