Grundy/ Will County Real Estate with Jim Ludes
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HUD Reform

July 20, 2010 by Jim Ludes · Leave a Comment 

HUD has released a proposal for updates. A couple of the key issues are

  • Limiting seller concessions from 6% to 3%
  • Considering raising medium credit score from 580
  • Eliminating loans to borrowers with credit scores under 500 (if there’s any even doing those, which I doubt)

Want to add your input? Head over to HUD and read up and spout off!

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Grundy/ Will County Real Estate with Jim Ludes