Reforms Will Shrink the Governmentâ€™s Footprint in Housing Finance on a Responsible Timeline, Help Protect Taxpayer.Â The Plan Includes Critical Measures to Help Fix the Fundamental Flaws in the Mortgage Market, Better Target Governmentâ€™s Support for Affordable Housing. Some of the highlights include:
Â· Reducing Conforming Loan Limits
Â· Phasing in 10 Percent Down Payment Requirement
Â· Better Target the Government's Support for Affordable Housing
Â· Reforming and Strengthening the FHA
Interest rates are on the rise. Call me @ (310) 383-4212 if you are wantÂ to buyÂ The RightÂ Home at The Right PriceÂ before future changes drive interest rates higher.
Read the full press release here: http://www.treasury.gov/press-center/press-releases/Pages/tg1059.aspx