FHA Gives OK to Down Payment Help Following IG’s Criticism

National Mortgage News, May 25, 2016–Collins, Brian

The head of the Federal Housing Administration has informed lenders that loans receiving down payment assistance can continue to benefit from government insurance, despite past questions over the legality of certain assistance programs. Pete Mills, senior vice president for the Mortgage Bankers Association, said Golding’s memo to lenders was “a very positive development.”