If you have 35 minutes to spare, watch this Cspan segment on causes of mortgage meltdown & upcoming new mortgage rules.
The proposed new mortgage rules for 20% down payment will be implemented in future and eventually the US Government may get out of most mortgage lending. Right now, Fannie, Freddie, FHA, and VA are over 90% of the loans being created. That may revere itself over the next few years and as a result, fewer borrowers qualifying for a loan.
There are some good calls about what actually caused the mortgage problems.
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