Comment Submitted by Kelly Turbeville

Document ID: HUD-2010-0063-0017
Document Type: Public Submission
Agency: Department Of Housing And Urban Development
Received Date: July 16 2010, at 12:00 AM Eastern Daylight Time
Date Posted: July 20 2010, at 12:00 AM Eastern Standard Time
Comment Start Date: July 15 2010, at 12:00 AM Eastern Standard Time
Comment Due Date: August 16 2010, at 11:59 PM Eastern Standard Time
Tracking Number: 80b1a83b
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This is comment on Notice

FR–5404–N–01 Federal Housing Administration Risk Management Initiatives: Reduction of Seller Concessions and New Loan-to-Value and Credit Score Requirements

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Reading the new proposal I do have concerns with reducing Sellers Concessions from 6% to 3% as it would limit a home buyers ability to qualify for such loans, without the concession, this would potentially eat into a buyers reserve pool.

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Comment Submitted by Jeff Bell, Cobalt Mortgage
Public Submission Posted: 07/20/2010 ID: HUD-2010-0063-0002