MBA Prefers FHA Seller Concessions Lowered to 4%

Proposed federal changes on seller concessions, credit score requirements and loan-to-value ratios represent "significant programmatic changes" and would impact future homeowners, according to the Mortgage Bankers Association (MBA).

In a letter to the US Department of Housing and Urban Development (HUD), the MBA said its members urge the federal agency "to ensure policies do not reach too far and needlessly discourage home buying at a time when the housing market is still fragile.”

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