It looks like I spoke a bit too soon about the end of down payment assistance for FHA Loans. Shortly – less than 1/2 an hour!!! – after my last post, which rang the death knell on DPA, I came across an article informing me that just today – the very day I proclaimed DPAs gone forever – a House panel said “yes” to a bill to bring back down payment assistance. But wait….according to the folks over at the Green Mortgage Group:

The House is expected to pass H.R. 6694, but it will die in the Senate, according to industry lobbyists.

I guess we’ll just have to wait and see….

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