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Home » Store » News » Alternative Credit Program Delayed Until 2011

Alternative Credit Program Delayed Until 2011

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The Department of Housing and Urban Development is waiting until 2011 to implement a congressionally mandated FHA pilot program to determine creditworthiness for borrowers without traditional credit. An update on the pilot’s status completed by the Government Accountability Office this week said the alternative credit program’s plans are in place and HUD is ready to implement them, assuming funding...
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