Tag Archives: National Association of Realtors

Legislation Seeks to Increase FHA Loan Down Payments

The House Financial Services Committee drafted legislation (the FHA Rural Regulatory Improvement Act of 2011) that seeks to raise the required down payment on Federal Housing Administration-backed loans to 5 percent, and would also lock home buyers out of financing closing costs. Proposal Worries Lending Experts This proposal has been denounced by Mortgage Bankers Association, the National Association of Realtors, and the National Association of Home Builders. It’s still not… Read More »