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HUD Seeks Public Comment: This Means You

Blog Contributor Business Challenges, FHA Programs, YPN News 6 Comments

By Nobu Hata The skinny: The Department of Housing and Urban Development is seeking public commentary through Aug. 14 on three “measures” that “reduce financial risk and preserve affordable mortgage financing for responsible consumers.” The measures: 1.     Update the combination of credit and down payment requirements for new borrowers.  New borrowers seeking FHA-insured financing will be required to have a …