Twenty Percent Downpayment Rule Would Disrupt First-time Home Buyer Market

WASHINGTON, D.C. – March 30, 2011 – (RealEstateRama) — A plan unveiled today by the Federal Deposit Insurance Corp. that would require a minimum 20 percent down payment for “qualified residential mortgages” would disrupt the housing market and jeopardize the economic recovery, according to the National Association of Home Builders (NAHB).