Down payments

Bipartisan bill aims to offer savings accounts for down payments

08/06/20

The American Dream Down Payment Act would let states establish and manage accounts, which would be similar in structure to 529 college savings plans.

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No, the FHA should not be pushed to the brink again

12/27/19

Now is not the time for the government to cut Federal Housing Administration premiums and enter new segments of the housing market.

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HUD plows ahead with effort to restrict down payment assistance

09/04/19

The Trump administration is not backing down even after a federal court blocked guidance that would have limited the operations of national housing funds.

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HUD suffers setback, CECL delayed, PNC plots expansion: Top stories of the week

07/19/19

A court ruling deals a blow to efforts by HUD to restrict nonprofit housing funds from operating on a national scale; most banks get another year to implement CECL; PNC chief William Demchak plans to enter more markets and more from this week’s most-read stories.

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Federal court blocks HUD guidance on down payment assistance

07/17/19

The ruling deals a blow to efforts by the Department of Housing and Urban Development to restrict nonprofit housing funds from operating on a national scale.

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Critics say HUD bid to restrict down payment programs skirts law

05/06/19

Two nonprofits threatened by the effort say the Department of Housing and Urban Development tried to avoid scrutiny last month when it announced the new policy outside the formal rulemaking process.

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Trump's housing agency cracks down on no-money-down home loans

04/22/19

The Trump administration is cracking down on national affordable housing programs because of concern over growing risk to the government's almost $1.3 trillion portfolio of federally insured mortgages.

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Congress pits VA mortgage costs against veterans' health care

04/01/19

The mortgage industry is stepping up its fight against a bill that would raise the Department of Veterans Affairs' mortgage fees to cover medical costs for Vietnam vets.

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FHA eases home warranty requirement for low down payment loans

03/14/19

The Federal Housing Administration is moving forward with a long-delayed plan to reduce the term of the home warranty required for high loan-to-value mortgages on new houses.

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Why banks are taking a closer look at down-payment assistance

10/30/18

A deal between TD Bank and a Vermont nonprofit is just one example of how banks are getting creative in addressing affordable housing needs while reaping financial and regulatory benefits.

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