theMReport.com Your trusted source for mortgage banking news
Fannie Mae and Freddie Mac released a mortgage program allowing borrowers to put a down payment of a little as three percent, in December of last year. The program was set to target individuals with good credit, but low cash flow. This program has drawn much controversy, with some saying this kind of risky lending is what caused the financial crisis.
Read More »Bank Releases New Zero Percent Down Mortgage Program
