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seller funded downpayment assistance

Stop the FHA Subprime End Run

by MorganDecember 19, 2008 FHA

Our Friends over at the Mortgage Lender Implode-O-Meter have issed a statement regarding the fishy-smelling goings-on regarding the uncertain future of FHA seller-funded downpayment assistance.  Here’s a bit of their press release for a synopsis on the problem:
The SFDPA practice was completely banned by the July 2008 housing bill, [...]

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