Fannie Mae's lower down payment rule debtated (Pioneer Press)
Story date: 2008-05-16 10:26:49
Added on: 2008-05-16 23:07:35
WASHINGTON — In a move to resuscitate the flagging housing market and respond to pressure from industry groups, consumer advocates and lawmakers, Fannie Mae plans to relax down-payment requirements for borrowers in markets where home prices are falling.
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