Posts Tagged Federal Housing Administration

Reserve Funding

January 30, 2011 – DavisSterling.com Newsletter By Adams Kessler PLC I received a lot of inquires about last week’s feedback concerning Bank of America’s refusal to lend money to buyers of units in the reader’s association. The BofA representative told him the bank would only lend in HOAs with reserves that were 100% funded. The [...]

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