Treating Grants and Subordinated Mortgages as Equity for FHA-Insured Home Mortgages
Resolved that NAHB urge the Department of Housing and Urban Development to recognize homeownership grants and subordinated loans as a home buyer’s equity for the Federal Housing Administration-insured loans, and to make commensurate adjustments in the mortgage insurance premiums and/or underwriting requirements for such loans.
Resolution originally adopted: 2004.10, Resolution No. 2Committee with primary jurisdiction:
- Housing Finance Committee
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