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McLean, VA

Fannie Mae scraps higher downpayment requirements

Fannie Mae is doing away with higher minimum down-payment requirements for borrowers in parts of the country where home prices are dropping.

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Juan Yglesias
Lady Lake, FL
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#1
May 16, 2008
 
Well unless the Mortgage Insurance companies arms's are twisted this really doesnt help much...

Now the MI companies are really dictating the down Payment..
Rockwiz
Hollywood, FL
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#2
May 16, 2008
 
Yeah but what about PMI. Who is going to insure 95% LTV? What Mortgage Insurance company is gonna insure that mortgage?
tired of holding the bag
AOL
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#3
May 16, 2008
 
isn't this how the predatory banks and special interests started this mess six years ago with NO MONEY DOWN ! and no regulartory oversight.
Jakey
Fort Lauderdale, FL
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#4
May 16, 2008
 
Isn't this how we got in this mess? 5% down, nothing down, 1 taco down for illegals.
It is Real
Fort Lauderdale, FL
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#5
May 16, 2008
 
Too funny Jakey - WRONG....but funny none the less
qzone
Beltsville, MD
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#6
May 16, 2008
 
Jakey wrote:
Isn't this how we got in this mess? 5% down, nothing down, 1 taco down for illegals.
LOL. YOU ARE FREAKIN FUNNY!!!!!
mike mcghee
Memphis, TN
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#7
May 20, 2008
 
can we get the government to open up a MI company to insure the loans. this is crap yeah they are doing 95% but who's gonna do your expanded approvals. most of my lenders only do approve/eligibe now
Showing posts 1 - 7 of 7
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