August 26, 2020
HUD Issues Formal Suspension Of Down Payment Assistance Guidelines Rule Change The Department of Housing and Urban Development issued a notice to lenders Tuesday announcing the formal suspension of its rule change to down payment assistance guidelines. According to the bulletin,…
August 26, 2020
Marketing In A Minute! Please enjoy a quick market news update on what happened this week in the housing and financial markets. Market News Retail sales increased in June, pointing to strong consumer spending. This could offset the slowdown from…
August 26, 2020
Borrowers who undergo counseling can get a discount on their upfront mortgage insurance. This past Tuesday, the House of Representatives passed a bill that slashes the cost of upfront mortgage insurance for first-time homebuyers using mortgages backed by the FHA,…
August 26, 2020
Lawmakers Eliminate The Cap Rather Than Raise Loan Fees To Fund Vetern Benefits Source: HousingWire The Department of Veterans Affairs can now back loans that exceed the conforming loan limit. A bill eliminating this cap was signed into law by President…
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