The Department of Housing and Urban Development "estimates that the average borrower will save approximately 0 monthly by refinancing to current market rates," says Matt Kovach, a product.
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. home mortgage corporation sued HUD for suspending the firm’s ability to write FHA-insured home loans in U.S. District Court, Southern District of Texas (Houston). Allied and Hodge’s suit was filed.
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The Post failed to note that Federal Housing Administration-approved loans through the U.S. Department of Housing and Urban Development do not require lenders to obtain proof of citizenship or legal.
HUD suspended the firm’s ability to participate in FHA-insured mortgage loans. That suspension will wipe out 70 percent of Allied’s business, Hodge claimed in his lawsuit, which was filed yesterday in.
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