Comment Submitted by Ashley Cobb

It is my belief due to the current volatile housing market this change will have an adverse effect on borrowers and the companies trying to help borrowers buy and or save their current homes. The new guidelines requiring 6 months of on time payments are too stringent of a rule at this time. This will also increase problems for large and small companies alike in their effort to insure loans with HUD. As we all know no one is perfect and if a borrower happens to be late one month they along with the company insuring their loan should not be penalized by having to wait 6 months to insure the loan. I believe this will drive some companies to turn away from doing governments loans which would only increase the problems and difficulties that many borrowers are facing at this time. This rule goes against the foundation and spirit of HUDs role in the marketplace.