Lenders and REALTORS
Property Managers
Nov 22, 2013 13-26
Housing NM Subordination Policy Change
Housing NM Subordination Policy Change
In order to mitigate the cost associated with financing the single-family mortgage program, Housing NM has evaluated the current policy related to the subordination of second lien down payment assistance. Based on the evaluation, Housing NM has revised the policy to only allow subordinations of second lien down payment assistance loans due to hardship.
The revised Hardship Subordination Guidelines policy can be viewed on the Housing NM website and will be effective December 31, 2013.
Thank you for participating in Housing NM’s program. Should you have any questions, please contact an Housing NM Homeownership Representative or Servicing Representative at 1(800) 444-6880 or (505) 843-6880
