Banks Push Home Buyers to Put Down More Cash

	S. Mitra Kalita	Banks Push Home Buyers to Put Down More Cash Article
S. Mitra Kalita is a general assignment reporter at The Washington Post and serves as president of the South Asian Journalists Association.	Last week, the Obama administration called for gradually raising down payments to a minimum of 10% on conventional loans, meaning those that can be bought or guaranteed by mortgage giants Fannie Mae and Freddie Mac. And mortgage data show that private lenders are already pushing sharply higher the required down payments, mainly to mitigate their risk as home prices continue to fall.
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S. Mitra Kalita

Banks Push Home Buyers to Put Down More Cash

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S. Mitra Kalita is a general assignment reporter at The Washington Post and serves as president of the South Asian Journalists Association.

Last week, the Obama administration called for gradually raising down payments to a minimum of 10% on conventional loans, meaning those that can be bought or guaranteed by mortgage giants Fannie Mae and Freddie Mac. And mortgage data show that private lenders are already pushing sharply higher the required down payments, mainly to mitigate their risk as home prices continue to fall.

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S. Mitra Kalita

Banks Push Home Buyers to Put Down More Cash

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