Fed rule threatens the smallest Habitat affiliates
by Ted Carter
Published: May 15,2011
Tags: Cindy Griffin, Duncan McFarlane, Habitat for Humanity, John Allison, Kathy Arinder, Secure and Fair Enforcement Mortgage Licensing Act
Squeezed by a federal law aimed at cracking down on mortgage fraud, dozens of Mississippi’s Habitat for Humanity chapters may soon be forbidden to transfer ownership of homes to low-income families. They face a July 21 deadline to comply with the federal Secure and Fair Enforcement Mortgage Licensing Act, or SAFE, enacted in 2008. Training [...]
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