Banks Push Home Buyers to Put Down More Cash

What does this mean to you?

The down payments demanded by banks are continuing to increase across the board, as President Obama called for the gradual raising of down payments for all mortgages that are guaranteed by Fannie Mae or Freddie Mac.  This comes on the heels of private lenders already pushing up the down payment as a way to lessen their risk as housing prices continue to fall.

From the Wall Street Journal
Wednesday, February 16
Check out the full text of the article here