On May 2, 2016 NAR sent a letter to HUD Secretary, Julian Castro. The letter thanked Secretary Castro for listening to NAR’s concerns and for revising the calculation of student loan debt for Federal Housing Administration (FHA) loans.
The letter applauds FHA’s Mortgage Letter 2016-08. The Mortgage Letter, which recognizes that student loan debt is different from other debt, is an important step forward in addressing the effect student loan debt is having on potential homebuyers
NAR Thank You Letter to HUD Regarding Student Debt and FHA's Mortgage Letter
Issue Date: May 02, 2016
On May 2, 2016 NAR sent a letter to HUD Secretary, Julian Castro. The letter thanked Secretary Castro for listening to NAR’s concerns and for revising the calculation of student loan debt for Federal Housing Administration (FHA) loans.
The letter applauds FHA’s Mortgage Letter 2016-08. The Mortgage Letter, which recognizes that student loan debt is different from other debt, is an important step forward in addressing the effect student loan debt is having on potential homebuyers
Download Letter