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Archive Home > 2008 > May > 17 > Lender scraps higher down payments

Lender scraps higher down payments


May 17, 2008

WASHINGTON — Fannie Mae is doing away with higher minimum down-payment requirements for borrowers in parts of the country where home prices are dropping. The government-sponsored mortgage finance company said Friday it will require minimum down payments of between 3 percent and 5....

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