Builders Still Waiting for Details of Tax Credit Monetization
HUD says it will release update “soon,” but offers no timeline.
HUD Secretary: FHA Borrowers Soon Can Use $8,000 Tax Credit at Closing
Details are still unclear whether or not home buyers must be working with a state housing finance agency to monetize credit for downpayment or equity.
HUD blinks on incentives exception rule change
Under legal pressure, HUD agrees to delay prohibition on discounts connected with builders directing buyers to affiliated mortgage or title companies.