They will be looking for higher down payments and look for FHA’s generous “seller concessions” to be cut in half — from the current six percent to three percent o … f the loan amount — and maybe even lower.
Read the original:
HUD announces higher costs, tougher standards
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Even as it becomes more difficult, preserving Japan's reputation for quality is becoming increasingly important, said Mr Iizuka, as China and other low-cost countries draw away production of cheap, mass-market goods. ...... A joint report issued in 2000 by HUD and the Department of the Treasury entitled Curbing Predatory Home Mortgage Lending noted that a very limited number of borrowers benefit from HOEPA's protections because of the high thresholds that a loan must ...