Sunday, August 2, 2015

Down Payment Programs Not a Scam, FHA to Tell Watchdog

WASHINGTON -- The Federal Housing Administration is expected to rebuff a government watchdog report that criticized down payment assistance programs, questioning why low-income borrowers are charged nominally higher mortgage rates for such programs.

The Department of Housing and Urban Development's Office of Inspector General took issue in a report earlier this month with the so-called "premium pricing" of two down payment assistance programs in Arizona.

Read more... http://www.nationalmortgagenews.com/news/compliance/down-payment-programs-not-a-scam-fha-to-tell-watchdog-1057497-1.html?site=default_on&utm_campaign=origination%20news-jul%2031%202015&utm_medium=email&utm_source=newsletter&ET=nationalmortgage%3Ae4859235%3A3925073a%3A&st=email

Reuters: Financial Services and Real Estate

Voice of Housing

NuWire Investor: RealEstateInvestment

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