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Janell Ross |
New Rule Pushing Big Down Payments Could Make Home ownership UnaffordableArticle |
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| Janell Ross is a business reporter at the Huffington Post. Call her at 646-626-8942 or email janell.ross _at_ huffingtonpost.com | Among the most hotly contested ideas bank regulators have proposed to reduce the risk of another financial crisis is rule making a 20 percent down payment mandatory on some new home loans. Consumer advocates, civil rights groups and lending industry groups alike have said the proposed rule would deter many families from ever buying a home. | |
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New Rule Pushing Big Down Payments Could Make Homeownership Unaffordable
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