You are here

Plan to allow US mortages with 3% down payment seen as reckless

Monday, November 17, 2014 - 05:50


MEL Watt, director of the Federal Housing Finance Agency, has set off a political tempest. The cause: 3 per cent down mortgages. Mr Watt, who oversees Fannie Mae and Freddie Mac, unveiled his plan in late October to allow the companies to back mortgages with down payments as

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom