AgentIndustry News

Judge throws out ban on down-payment assistance

HUD must reopen rule-making process
Published on Mar 5, 2008

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by CareyBot

Federal regulators have not adequately explained their decision to reverse a policy allowing seller-funded down-payment assistance on FHA-backed loans -- or provided sufficient responses to suggestions on ways to mend, rather than end, the practice -- a federal judge has ruled.

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