Items Tagged with 'DACA Mortgages'

ARTICLES

  • Fannie Mae declares support for DACA mortgage borrowers

    Reiterates guidelines on mortgages for non-citizens
    While it appears that the Federal Housing Administration may not be backing mortgages for Deferred Action for Childhood Arrivals recipients, Fannie Mae declared recently that it supports (and will continue to support) mortgages for DACA recipients, also called Dreamers.
    Read More
  • Dreamers denied: Evidence mounts FHA is not backing DACA mortgages

    Lenders back down as government actions disrupt home loans
    Despite HUD stating recently that its policies have not changed in regards to the FHA backing mortgages for Deferred Action for Childhood Arrivals recipients, it appears that the opposite is actually the case. Or at least that’s how the mortgage lending industry is reacting. A new HousingWire investigation has uncovered lender bulletins or guidelines from a dozen different lenders each stating that Dreamers are not eligible for FHA financing.
    Read More
  • Confusion reigns over whether government is backing mortgages for DACA Dreamers

    HUD claims nothing has changed, lenders are hearing differently
    The Department of Housing and Urban Development, Federal Housing Administration, and Department of Agriculture told HousingWire recently that their policies have not changed in regard to mortgages to Deferred Action for Childhood Arrivals recipients. But multiple lenders and mortgage industry participants tell HousingWire that HUD seems to be saying one thing and doing another.
    Read More
  • HUD to lenders: We are not denying mortgages to DACA Dreamers

    The status quo remains, for now
    The Department of Housing and Urban Development, Federal Housing Administration, Department of Agriculture, and Fannie Mae are not denying mortgages to Deferred Action for Childhood Arrivals recipients, the agencies told HousingWire this week. That’s in spite of what some in the mortgage industry are claiming the agencies are saying about lending to DACA recipients, also called Dreamers.
    Read More
  • Democrats demand answers from HUD on whether DACA recipients are being denied FHA loans

    Sens. Menendez, Booker, Cortez Masto call reported policy "abhorrent"
    Three of the Senate's most prominent Democrats want to know if DACA recipients are being denied FHA loans. Sens. Bob Menendez, Cory Booker, and Catherine Cortez Masto sent a letter to HUD Secretary Ben Carson demanding that Carson clarify whether HUD now has a policy (officially or unofficially) to deny FHA loans to Dreamers.
    Read More