new rules: New HUD rule change leads to setbacks - 08/08/19 09:52 AM
The HUD (or Department of Housing and Urban Development), formally suspended an important rule shift regarding down payment assistance guidelines. The rule, issued in April 2019, was establishing a need for clarification and guidance for down payments on loans backed by the FHA, but as of today, has been suspended until further notice. 
 
These sudden actions came by as a consequence of a ruling made by a judge in Utah. After establishing there was certain discrimination against Native American tribes, specifically, the Paiutes, a lawsuit was filed by the Cedar Band of Paiutes, federally recognized and in charge of operation of the … (0 comments)