GOP Pushes Higher FHA Down Payments, Housing Industry Pushes Back
admin2011-05-27T13:48:52-07:00May 27, 2011 (Chris Moore) House Republicans in the Financial Services Committee have drafted a bill that would raise the minimum down payment requirements on mortgage loans insured with the Federal Housing Administration (FHA) from 3.5 percent to 5 percent and one industry giant is pushing back. Read more...