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HR 6694 Gets Approval from House Financial Services Committee!!

By
Real Estate Agent with Coldwell Banker DRE# 01706589

Yahoo News is reporting that HR 6694, aka The FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008, has been approved by the House Financial Services Committee...just one of many hurdles to reform and maintain seller-funded downpayment assistance programs such as Nehemiah, Ameridream, HART. As of right now, seller-funded downpayment assistance is set to end as of the end of September, due to provisions in HR 3221. Stay tuned...

Comments (3)

Mike Saunders
Retired - Athens, GA

Erin - great news, as long as there are some tight requirments

Sep 16, 2008 11:00 AM
Anonymous
Jovan

Saving DPA is one step closer to being a reality!  Join me TODAY in calling some congress people to let them know how important this bill is to the American people and our economy.  We have less than two weeks to make this our voices heard.  Here are 3 very influential congress people that can have an impact on our progress. 

Congressman Steny Hoyer of Maryland:    202-225-4131

Congressman Roy Blunt of Southwest Missouri:    202-225-6536

Congressman John Boehner of Ohio:    202-225-6205 

Let's make this happen!!!

Sep 17, 2008 03:51 AM
#2
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

Unfortunately, we still have a ways to go, but it's looking good for now. Whlie we're waiting, there's still the CalHFA programs.

elizabeth weintraub sacramento real estate agent in land park

Sep 22, 2008 04:14 AM