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Fear of Low Down Payments Mostly Unwarranted

November 13, 2014 8:22 am

Fear of Low Down Payments Mostly Unwarranted | Keeping Current Matters After it was announced that Fannie Mae and Freddie Mac would again make available mortgage loans requiring as little as a 3% down payment, many people showed concern. Were we going back to the lower qualifying standards of a decade ago that caused the housing market crash? Won’t lower down payments dramatically increase the default rates? Will we again be faced with an avalanche of short sales and foreclosures?