The Trump administration is toughening up rules on national affordable housing programs due to concerns over risk to the roughly $1.3 trillion portfolio the government has in federally insured mortgages. The crackdown focuses on lenders for people who can’t afford the typical 3.5 percent down payment that Federal Housing Administration loans normally require, according to Bloomberg. The assistance enables four out of 10 FHA loans, and borrowers in these assistance programs become delinquent about twice […]
source https://therealdeal.com/2019/04/22/trump-administration-toughens-up-rules-for-no-money-down-home-mortgages/
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