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Why GSE support of low-down payment mortgage is not bad

Discussion › Recent News › Why GSE support of low-down payment mortgage is not bad

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  • November 5, 2014 at 4:43 pm #2583

    Investors Unite
    Keymaster

    HousingWire, By Brena Swanson

    Not everyone in the industry is on board with the Federal Housing Finance Agency’s recent move to encourage lenders to issue mortgages with down payments as low as 3% due to concerns that it would lead to more defaults.

    But based on a review of the performance of low-down-payments of Fannie Mae and Freddie Mac mortgages in recent years, the Urban Institute argues that these fears are not well founded.

    Read the full article here: Why GSE support of low-down payment mortgage is not bad

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