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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (123589)	5/16/2008 6:48:42 PM
From: Jim McMannis	Respond to of 306849

Fannie Mae scraps higher down-payment requirements biz.yahoo.com Fannie Mae scraps increased minimum down-payment requirement for homes in flagging markets WASHINGTON (AP) -- By relaxing down-payment requirements for borrowers in markets where home prices are falling, Fannie Mae aims to both resuscitate the flagging housing market and respond to pressure from industry groups, consumer advocates and lawmakers. It's a balancing act that critics and investors worry exposes the company to more risk, as foreclosure rates spike and home prices keep falling. Washington-based Fannie Mae said Friday it will require minimum down payments of 3 percent for loans made through its computerized underwriting