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Loan Modification

: Mortgage Lender Implode-o-Meter

MBA Pushes For Second Look At FHA Seller Concessions Proposal

By Implode-Explode Heavy Industries

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"The Mortgage Bankers Association (MBA) is pressing the Federal Housing Administration (FHA) to reconsider its proposal to reduce the limit on seller concessions from 6% to 3%, according to MBA NewsLink. The trade organization outlined its argument in a recent letter to FHA Commissioner David Stevens."

Full post as published by Mortgage Lender Implode-o-Meter on August 18, 2010 (boomark / email).

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