No longer will Fannie and Freddie require down payments of at least 5% for conventional loans. Now it will buy mortgages with a minimum down payment of 3%
Read More At Investor's Business Daily: http://news.investors.com/ibd-editorials/102014-722665-mel-watt-officially-loosens-fannie-freddie-mortgage-standards.htm#ixzz3GmALX6Ut
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