Home & Consumer / ArcaMax

Low-down-payment mortgages are back

Low-down-payment mortgages are back

DETROIT -- One of the culprits in the building and bursting of the nation's housing bubble, the low-down-payment mortgage, is back in favor and readily available at a lender near you. Numerous firms are taking part in a new and somewhat controversial program offered by Fannie Mae for fixed-rate conventional home loans with 3 percent down payments. Freddie Mac starts ...

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