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Housing industry pins hopes on Obama to soften down-payment rule

Posted on 14 February 2013

U.S. Realtors and mortgage bankers say they’re hoping President Barack Obama’s call for streamlining mortgage rules will lend new momentum to efforts to prevent imposing a strict minimum down payment for home loans.
“Right now, overlapping regulations keep responsible young families from buying their first home,” Obama said in his State of the Union address yesterday. “What’s holding us back? Let’s streamline the process, and help our economy grow.”……………………………………….Full Article: Source


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