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Fannie Mae to Drop Down Payment Rules in Worst Areas - Read More

Date Added: May 17, 2008 12:32:02 AM
May 16 (Bloomberg) -- Fannie Mae , the largest U.S. mortgage- finance provider, will stop requiring bigger down payments in regions where home prices are dropping, responding to criticism from consumer and industry groups who said the company is exacerbating the housing slump.

Category: Business & Economy » Finance and Investment » Mortgages


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