Low down-payment mortgages “can be safely made,” says Fannie CEO

November 7, 2014

MarketWatch reports that Fannie Mae CEO Tim Mayopoulos said during a conference call that loans with down payments as low as 3 percent can perform well.

 

This was in response to the many economists and industry professionals concerned about the financial dangers posed by mortgages with a small down payment. Mayopoulos added that private capital will be in a first-loss position in case high-LTV loans go bad.

 

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