House Panel Gives Green Light to Zero Downpayment Act

Vadum, Matthew
May 2004
Bond Buyer;5/6/2004, Vol. 348 Issue 31878, p4
Trade Publication
Reports on a U.S. House Financial Services Committee panel's approval of legislation that would authorize the Department of Housing and Urban Development to insure single-family mortgages when the homebuyer is not making a down payment. Expected increase in the issuance of single-family mortgage revenue bonds; Approval of the proposed Zero Downpayment Act by the housing and community opportunity subcommittee


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