BY FROMA HARROP Say we didn’t hear that. Say we didn’t hear that rules for mortgages guaranteed by the taxpayers are going lax once again. Oh, but we did. For starters, the push is on to lower the minimum down payment required for Fannie Mae and Freddie Mac mortgages to only 3%. During the housing bubble, Fannie and Freddie bought a lot of substandard mortgages. That’s why, when house prices cratered, so did they. The […]
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