Industry NewsMortgage

Nonprofits sue to keep seller-funded assistance on FHA loans alive

HUD aims to tighten down-payment-assistance rules on Oct. 31
Published on Oct 2, 2007

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by CareyBot

Two nonprofits that are among the largest facilitators of seller-funded down-payment assistance on FHA loans have filed suit to block a rule change that would bring an end to the practice.

The companies -- AmeriDream and Nehemiah Corp ...