House Panel Approves Insurance Legislation for Zero Down-Payment Mortgages

Vadum, Matthew
June 2004
Bond Buyer;6/8/2004, Vol. 348 Issue 31900, p6
Trade Publication
Reports that the United States House Financial Services Committee has approved legislation backed by the administration of President George Bush that would authorize the Department of Housing and Urban Development (HUD) to insure zero down-payment single-family mortgages. Aim of helping the issuance of single-family mortgage revenue bonds indirectly by making HUD mortgage insurance easier to obtain; Expected rise in home sales.


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