All Posts Tagged With: "mortgagee"
Will HUD Allow FHA Loans With No Money Down?
Has HUD changed its mind? On Monday, May 11th, HUD posted Mortgagee Letter 2009-15 which explained that “Federal, state, and local governmental agencies and nonprofit instrumentalities of government, FHA-approved nonprofits, and FHA-approved mortgagees may provide short-term or “bridge loans– secured only by the anticipated tax credit due the homebuyer as collateral.” Immediately the letter was [...]
18May2009 | Peter G. Miller | 0 comments | Continued
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