
Monday, October 20th, Melvin Watt (chief of the Federal Hosing Finance Agency) announced a program offering more reassurances to mortgage banks that fear unpredictable losses on the loans they sell to the government, and disclosed efforts to allow government-backed loans with much lower smaller down payments.
Economists are mixed as to whether loosening these mortgage rules could help the housing market.
Read The New York Times article: Federal Housing Finance Agency Unveils Plan to Loosen Rules on Mortgages.

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