[ The latest news for Minnesota Housing homeownership lender partners ]
90-Day Extension on Effective Date of New FHA Guidance on Government Funded Downpayment Loans
The Federal Housing Administration (FHA) has officially extended the effective date for Mortgagee Letter 2019-06 “Downpayment Assistance and Operating in a Governmental Capacity” by 90 days. The extension was issued in response to legal action by the Cedar Band Mortgage Corporation seeking a temporary restraining order preventing FHA from implementing the Mortgagee Letter.
Minnesota Housing will be monitoring FHA guidance. Please proceed as usual in administering Minnesota Housing Downpayment Loan Programs.
You can reach the Partner Solutions Team at 651.296.8215 or 800.710.8871 between 8:00 a.m. and 5:00 p.m. on business days.
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