PUBLIC SUBMISSION | As of: February 14, 2009 Tracking No. 806a64c9 Comments Due: August 15, 2008 |
Docket: HUD-2007-0065
FR-5087-P-01
Standards for Mortgagor’s Investment in Mortgaged Property
Comment On: HUD-2007-0065-7135
FR-5087-N-04: Standards for Mortgagors Investment in Mortgaged Property: Additional Public Comment Period
Document: HUD-2007-0065-14449
Comment Submitted by Renee Sandling
Just because the borrower is not investing their own money upfront they still pay
for it over the life of the loan. These are good borrowers just not able to save the
entire downpayment without using up their cash reserves.