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Study: If Would-Be Home Buyers Have to Put 20% Down, 60% of Them Ain’t Buying

To prevent a repeat of the housing debacle of 2007-2010, when some 5 million homes were lost to foreclosure, federal agencies are considering a mandate that would require borrowers to put 20% down before being OK’d for certain mortgages. For the average U.S. home, which now runs $272,900, that would mean a down payment of [...]...

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Published: http://Time.com - Category: HEADLINES - Thursday, 2 February