Regulators drop 20%-down requirement from mortgage proposal

August 31, 2013 By In Uncategorized No Comment

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

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