Amended FHA Bill on Seller-Funded Downpayment Aid, Risk-Based Premiums, Passed to House Floor
September 18, 2008
The House Financial Services Committee this week approved a revised bill that would revive a controversial FHA program for seller-funded downpayment assistance and allow the agency to deploy a new risk-based premium program. Committee Chairman Barney Frank, D-MA, pushed a revised version of H.R. 6694, the FHA Seller-Financed Downpayment Reform and...