The U.S. District Court for the Eastern District of California has ruled against the Department of Housing and Urban Development's ban on private, seller-funded downpayment assistance. Commenting on the ruling, president and CEO of DPA pioneer Nehemiah Corporation of America, Scott Syphax called it "a major and conclusive judgment," and a heartening decision that reaffirms "that downpayment assistance is a lifeline" to the families in need. "This decision preserves access and supports the use of sensible and reasonable approaches to homeownership for millions of working-class families," he said. "As we have said before, we look forward to working with HUD to support deserving families across the country." The ban on seller-funded DPA was imposed by HUD in the Standards for Mortgagor's Investment in Mortgaged Property, published Oct. 1, 2007.
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The Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.
February 6 -
Mortgage loan officer licensing saw its first rise since 2022 as Fannie Mae projects $2.4T in 2026 volume. Experts eye a market reset amid improving affordability.
February 6 -
The FHFA chief told Fox an offering could be done near term - but may not be - while a Treasury official addressed conservatorship questions at an FSOC hearing.
February 6 -
The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July.
February 6 -
Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
February 5 -
The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
February 5




