Nonprofits sue to keep seller-funded assistance on FHA loans alive
HUD aims to tighten down-payment-assistance rules on Oct. 31
By Matt Carter, Monday, October 1, 2007.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.
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