NBN Online for the week of July 4, 2005

FHA Zero-Down Loans Receive a Thumbs-Up From Builders

A bipartisan legislative proposal establishing a pilot program for Federal Housing Administration (FHA) insurance of zero downpayment mortgages would significantly increase homeownership opportunities for the nation’s working families, NAHB told Congress on June 30.

Appearing before the House Subcommittee on Housing and Community Opportunity, NAHB President David Wilson testified in support of H.R. 3043, the “Zero Downpayment Pilot Program Act of 2005,” which was introduced by Reps. Patrick Tiberi (R-Ohio) and David Scott (D-Ga.).

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HBAs, Builders Allowed to Continue Communicating by Fax

Associations and businesses of all kinds breathed a collective sigh of relief last week as Congress successfully approved the “Junk Fax Prevention Act of 2005,” a bill that injects some common sense into onerous Federal Communications Commission (FCC) rules aimed at preventing unwanted faxes.