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.
FHA and the government-sponsored enterprises could do more to expand consumer access to mortgage credit if they collaborate, according to the Urban Institute’s Housing Finance Policy Center.
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.