Relevant:
- 30% of FHA Foreclosures Linked to Downpayment Assistance
- HUD Secretary: Reforms will not substantially impact affordable housing
- Donovan: Eliminating GSEs May Threaten Fragile Recovery
- HUD Secretary Donovan to Avoid 'Extreme Measures' in Fannie, Freddie Solution
- HUD Awards Extra Funding to Housing Counselors
2010-01-20 — hud.gov
"The FHA will propose to take the following steps: increase the mortgage insurance premium (MIP); update the combination of FICO scores and down payments for new borrowers; reduce seller concessions to three percent, from six percent; and implement a series of significant measures aimed at increasing lender enforcement. U.S. Housing and Urban Development Secretary Shaun Donovan previewed the changes in December of last year, noting that the FHA would announce additional details before the end of January."
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.