Dodd and Dems Vote Against 5% Down Payment Rule for Taxpayer Backed Mortgages
Thanks to Loboyazoo for sending this article in…. Forbes.com, Business in the Beltway, by Robert McTeer. So, here comes the good intending Bob Croker (R-TN) of the Senate Banking Committee offering-up a simple piece of legislation this past week which would require at least a 5% down payment on a mortgage to be acceptable to Fannie and [...]