Recipients of the Housing Assistance for Veterans grants can use the funds for downpayments or closing costs to help purchase a first home, the Federal Home Loan Bank of Dallas said.
The new bill would reduce or eliminate processing delays, thereby encouraging more lenders to participate in trust land mortgage lending, according to the Mortgage Bankers Association.
The proposed rule would expand the methods of communication servicers can use to reach borrowers in default in order to comply with HUD’s face-to-face meeting requirements.
The Mortgage Bankers Association and the Housing Policy Council want the VA to carefully consider the specifics of a new loss-mitigation program, the VA Servicing Purchase program, it plans to unveil this summer.