Bill to Reinstate Seller-Funded DPA Reintroduced in the House
February 2, 2009
Legislation reinstating seller-funded downpayments for FHA-insured single family mortgages has been reintroduced, but any chance of seeing it in an economic stimulus package as proponents hope is almost nil, according to industry observers. Introduced by Rep. Al Green, D-NC, and co-sponsored by Reps. Maxine Waters, D-CA, and Gary Miller, R-CA, H.R. 600, the “FHA Seller-Financed...