The New York Times looks into several programs that let prospective home buyers put less down.
Critics of Fannie and Freddie’s low-down-payment programs question whether borrowers’ having such small stakes in their homes will result into another rush of defaults, the New York Times report.
“[It] is important to know that the low-down-payment options now available are not synonymous with the subprime loans that proliferated during the housing bubble,” writes Tara Siegel Bernard, personal finance reporter for The New York Times.
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