Dodd-Frank and other Wall Street regulations born from the financial crisis were formed with one overarching goal: no more taxpayer bailouts. If you ask Morgan Stanley Chief Executive Officer James Gorman, regulators and big banks have done one heck of a job ensuring that reality. With the fifth anniversary of the financial crisis around the
Regulators drop 20%-down requirement from mortgage proposal
Dropping the 20% down requirement will aid in our housing recovery. ——————————————————————————————– Bankers and housing advocates were concerned that requiring a 20 percent down payment would keep many people from buying a home. Lenders and affordable housing advocates won a victory when federal regulators walked away from a proposed rule that would encourage mortgage lenders