Cedar Band Corporation Sued HUD Over FHA Mortgage Assistance Program Changes

On April 18, 2019, US Department of Housing and Urban Development (HUD) issued a clarification of interpretation letter to lenders; Mortgagee Letter 19-06. The letter’s purpose was to clarify documentation requirements when a homebuyer is receiving down payment money from another person or entity.  It was immediately effective, referring to effective date for case numbers…

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