Rolnictwo i żywność · 31/05/2011

US Department of Agriculture Finalizes Rule for Rural Housing Service Single Family Housing Guaranteed Loan Program

The US Department of Agriculture has implemented changes to the Rural Housing Service Section 502 Single Family Housing Guaranteed Loan Program, eliminating the lender's published VA rate for first mortgage loans with no discount points and allowing the Secretary to seek indemnification from the originating lender in certain circumstances, aiming to achieve savings for taxpayers and simplify regulations.