PPT-Section 502 Direct Loan Program Overview

Presented by Tammy Repine Single Family Housing Direct Loan Division Revision Date June 19 2017 Section 502 Direct Loan Program Overview   Authorized by the Housing Act of 1949 Provides affordable housing loans to eligible . . Table of Contents. S. No.. Title. Slide Number(s). 1. HISTORY. 3. 2. OBJECTIVE. 4 – 6. 3. 7(a). LOAN PROGRAM. 7 – 12. 4. APPLICATION PROCESS. 13 – 16. 5. BENEFITS. 17. How did the SBA come about?. 150 % - it’s now more than just SAP. Subsidized Loan Limits and new COD . & NSLDS . Reporting Requirements. Christian Zimmermann. College of Southern Maryland. 2014 Tri-State Fall Conference. November 11, 2014. STUDENT LOAN REPAYMENT OPTIONS. Kimber Decker. Regional Director, Partner Solutions. Nelnet. Loan Servicing. SPLIT LOAN SERVICING. FFELP loans . owned and serviced by . lenders and servicers. FFELP loans . Karen Trail and Julie Brumbaugh. Texas Woman’s University. 2015 ABC Workshop . Agenda. Student loan programs and regulations. Application process and eligibility. Repayment options. Federal Student Loans. December 2011. STUDENT LOAN REPAYMENT OPTIONS. Raina Chezem. Regional Director, Partner Solutions. Nelnet. Loan Servicing. GRACE PERIOD, DEFERMENTS, FORBEARANCE, AND FORGIVENESS PROGRAMS. GRACE PERIOD. Agenda. Overview. Calculation components. Adjusting, Updating, Notifications. NSLDS processing. CPS processing. Overview. 150 % rule referred to as SULA (Subsidized Usage Limitation . A. pplies) went into effe. November 13, 2014. “You’re not making any sense at all!!”. 2. Law & . Regulations. Statutory Change. Public Law 112-141, Moving Ahead for Progress in the 21th Century Act (MAP 21), enacted July 6, . NYSFAAA Region VII. Nautochia Webb. May 15, 2015. Federal Direct PLUS Loans. What is it?. Who qualifies for PLUS? . Application and MPN process. . Direct PLUS Loans. Who qualifies?. . Parents may borrow on behalf of their dependent, undergraduate children. These are Federal Direct PLUS loans for parents. A parent is a biological or adoptive parent or a person that the state has determined to be a parent.. FOR. STUDENTS. i. SECTION CONTENTS. Introduction to Postgraduate Loan (PGL). Eligibility overview – personal & course. Loan & application overview. Repaying Postgraduate Loans. Resources & information. Federal Student Loans. Federal Direct Subsidized Loan. Federal Direct Unsubsidized Loan. Parent PLUS Loan. Graduate PLUS loan. Federal Perkins Loan. Federal Direct Subsidized Loan. Need based loan for undergraduates only. Overview. April 11, 2018 . Sources of Multifamily Direct Loan Funds. 2. HOME. Annual allocations . CHDO. set-aside, 15% of annual allocation ~ $3 million. HOME Program Income ~ $10 million annually. NOTE: Because citations and other information may be subject to change please always consult the program instructions listed in the section above titled “What Law Governs this Program?” You SECTION 1 BORROWER INFORMATIONPlease enter or correct the following informationCheck this box if any of your information has changedSSNNameAddressCityStateZip CodeTelephone - PrimaryTelephone - Altern General Guidelines-. Apply to all Types of 232. Single Asset Mortgagor/Borrower. Non-Recourse: Property = Security. Interest Rate: between Mortgagee/Mortgagor. Loans Must Fully Amortize: No Balloons.