Home › Forums › Housing › Hard to Get a Loan – Thank God › According to my loan agent:
According to my loan agent: new Fannie Mae rules require 15% down in CA. That’s the normal 10% plus 5% since CA is a declining market.
I see this news as having two effects: even less borrowers will be able to afford a home; prices will go down even further.
So much for yet another bad idea on how to turn the housing market around.
– Doug
