Fannie Mae Removes High Downpayment Provisions
This will improve the sale of mortgages by many lenders, thus loosening up the money available to lend on new mortgages.
In parallel, Congress is still kicking around a credit relief program to stimulate the lending process with the aim of resolving the Housing Crisis sooner. Bush is prepared to veto since it's the taxpayers that will pay the price ultimately.
Here is a chance to read the process and progress of such a bill through our congress:
House Bill H.R.3221
Why should I worry, the Government will fix it - if I live long enough.
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