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Low-Downpayment Mortgages Becoming the Norm

(Mortgage News Daily) - 1 years, 1 months ago
 Posted To: MND NewsWireFannie Mae and Freddie Mac's (the GSE's) low downpayment loans are apparently beginning to cause some pain for FHA lending. Black Knight's Mortgage Monitor report, its monthly summary of mortgage performance data, notes that low-down-payment originations, which they define as loans with downpayments below 10 percent, currently account for nearly 40 percent of all purchase originations and 1.5 million borrowers have closed on such loans in the last 12 months,...
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