DPA Assistance Bill Passes House Financial Services Committee
By Kevin Sandridge, Winter Haven Mortgage Broker
(Signature Home Funding)
H.R. 6694 Will Move to the Floor for a Full Vote Washington, DC — September 16, 2008 By: Nehemiah Corporation of America VIDEO: Financial Services Committee Markup - HR 6694 DPAGroundswell.org Youtube Videos: A great source of information on what's going on how with DPAs.The discussion of HR 6694 starts at 9:20 minutes into the video A Bill that would save seller-funded downpayment assistance from being eliminated on October 1 passed the House Financial Services Committee today on a voice vote amidst strong bipartisan support. The Bill, The FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008, or H.R. 6694, is expected to move to the floor for a full vote in the coming days. “We continue to believe that reinstating downpayment assistance (DPA) will en...
Comments
3