A group of federal regulators will likely lower the proposed 20% down payment requirement for home-loan lenders who wish to avoid holding added credit risk on the securitization of mortgages. "They're not talking about 20% anymore," said Rep. Barney Frank, D-Mass. "I think 20% is high, but it has to be."
Source: http://feedproxy.google.com/~r/housingwire/uOVI/~3/5EWFlZ04hRA/feds-will-likely-lower-20-down-qrm
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