Lenders have new reason for optimism that Congress will extend the simplified method for calculating down payments on FHA loans.

Lawmakers trying to reconcile the House and Senate spending bills for veterans and housing affairs agreed late Tuesday to include a provision that would extend FHA down payment simplification for two years and three months, a House Banking staff member said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.