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.
Advertisement
Related Stories
Sales
What the NAR Commissions Settlement Means for Home Builders
The legal settlement will improve transparency during the home sales process, mitigate predatory practices, and help preserve profitability for home builders
New-Home Sales
Mortgage Rates Are Up but New-Home Sales Still Solid in March
Lack of existing home inventory drove a rise in new-home sales, despite higher interest rates in March
Sustainability
Mention of Eco-Friendly Home Features Is on the Rise in Sales Listings
Home listing descriptions using eco-friendly terms have been rising over the past five years in line with growing consumer interest in the environment and energy efficiency
