In response to the housing market taking a nose dive mortgage companies and been making many changes that I would call... reactionary. Because it would be crazy to prevent these sort of situations at expense of loosing the quick buck.
One of these changes was to up the downpayment percentage required of a Fannie Mae guaranteed loans. This was back in December and now that people are concerned about the lack of home sales, not just defaulting loans, the percentage requirement has been brought back down to 3 to 5 percent.
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