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THE AMERICAN DREAM MAY BE OUT REACH! We have heard the rumors but can it really happen? At one point the theory was everyonedeserved to own a home. And, accordingly, loan underwriting guidelines were written tomake that possible. And what happened? Look where the housing market is today?Typical knee jerk reaction. Now let's punish those who have acted responsibly. As it turnsout Congress is indeed discussing proposed revised legislation which will require 20% down payment by future potential home owners. Of the 20% down, the lenders will berequired to hold 5% of the value of the loans they generate if the loans will be sold … (1 comments)
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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