U.S. regulator targeting lower down payments on mortgages

The regulator of Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) said on Monday it was developing rules to let Americans buy homes with down payments as low as 3 percent, part of a push to boost access to credit. Mel Watt, director of the Federal Housing Finance Agency, pledged the new guidelines …

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U.S. regulator targeting lower down payments on mortgages

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