HUD sued over new down payment assistance rules for FHA mortgages

HUD sued over new down payment assistance rules for FHA mortgages
Last week, HUD announced it was issuing new rules for down payment assistance on FHA mortgages. According to HUD and the FHA, the new rules were meant to provide clarity around what documentation would be required for borrowers who are using funds from another source to cover part of the their down payment. But, according to one group, those rules do much more than that. And now, the group is suing HUD to get the rule change overturned.
Source: https://www.housingwire.com/rss