What is happening today in mortgage lending:
HUD issues Mortgagee Letter 08-23 Revised Down Payment okay here it is. It is a bit confusing but it is certain that the down payment requirement for FHA purchase of 3.5 is not effective until January 1, 2009. There was a surprise in here about refinance rate and term loans. Check it out
08-23
Revised Downpayment and Maximum Mortgage Requirements
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