Downpayment Assistance Reform: Groundswell2 - Nehemiah Corporation of America
February 11, 2009 by admin
Congressional Budget Office (CBO) stated that H.R. 600 is equal to H.R. 6694 as it relates to seller-funded DPA and requires no changes to last year’s estimate.
New Life for Down Payment Assistance?
September 10, 2008 by admin
Chairman Frank and HUD Secretary Preston Negotiate DPA Agreement
Chairman of the House Financial Services Committee, Barney Frank, has discussed publicly the fact that he has negotiated an agreement with HUD Secretary Steve Preston that will provide for the continuation of privately funded downpayment assistance.
The agreement allows HUD to impose risk-based pricing on downpayment assistance transactions which provides Secretary Preston the fiscal protection he seeks for the FHA insurance fund.
Greg Saunders
