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Home » Store » News » HUD Nixes Proposal to Recast Downpayment Assistance Rules

HUD Nixes Proposal to Recast Downpayment Assistance Rules

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The Department of Housing and Urban Development will not restrict FHA downpayment assistance rules but will consider modest changes recommended by the General Accountability Office. HUD agreed to adopt some of the recommended measures in the GAO’s latest report on the use of downpayment assistance from nonprofits on FHA loans. …
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