Yahoo News is reporting that HR 6694, aka The FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008, has been approved by the House Financial Services Committee...just one of many hurdles to reform and maintain seller-funded downpayment assistance programs such as Nehemiah, Ameridream, HART. As of right now, seller-funded downpayment assistance is set to end as of the end of September, due to provisions in HR 3221. Stay tuned...
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