Posted by Steve Jolly on Monday, February 21, 2011 at 6:09:29 PM By Steve Jolly / February 21, 2011 Comment
The Wall Street Journal reports on downpayment trends and a recent call from the current administration for raising down payments to 10% on loans guaranteed by Fannie Mae and Freddie Mac. Mortgage data shows that private lender are already requiring higher down payments. History shows that higher down payments discourage delinquencies.
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