Kendall Trotter and Steve Hawks discuss the repercussions of the elimination of FHA down payment assistance programs. Homeowners and home buyers know these programs as Nehemiah,Ameridream etc. HUD officials said approximately 33% of FHA loans used down payment assistance,and these loans caused “substantial losses.” The agency has asserted that borrowers of down payment assistance-style loans have defaulted at a higher rate than others, endangering government loan guarantees.The groups that sponsor these programs say their studies show the opposite.Hawks states it will definitely take a huge player out of the market, it will send shockwaves through the market and most likely harm the recent signs of recovery.This is not the time to take way one of the most popular loan products in the country. Down payment assistance did not cause the “American Mortgage Crisis” Contact Las Vegas consumer advocates Kendall Trotter and Steve Hawks on how to contact your local government representative to keep available the most popular loan programs in the country.