Survey: Nearly 70 Percent of Industry Professionals See Lower Down Payment As Positive

By Brian Honea

The majority of mortgage industry professionals said they believed that the lowering of the down payment to 3 percent for first-time homebuyers by Fannie Mae and Freddie Mac is a step in the right direction for the housing market, according to the Collingwood Group’s November 2014 Mortgage Industry Outlook Report released earlier this week.

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