Sunday, August 30, 2015

USA Housing: The minimum down payment should be at least 10%

The Dodd-Frank financial reform law required bureaucrats to draft rules for qualified residential mortgages. Loans that conform to the standards defined can be sold into the secondary mortgage market without restriction. Loans that do not conform require the lender to retain 5% of the capital...
The minimum down payment should be at least 10%




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