https://4closurefraud.org/2013/02/14/housing-industry-hopes-obama-will-soften-mortgage-down-payment-rule/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Thu, 04 Dec 2025 14:20:25 +0000 hourly 1 https://wordpress.org/?v=7.0.4 https://4closurefraud.org/2013/02/14/housing-industry-hopes-obama-will-soften-mortgage-down-payment-rule/#comment-408053 Fri, 15 Feb 2013 00:52:44 +0000 https://4closurefraud.org/?p=57778#comment-408053 I do work with lawyers on foreclosure defense as I practiced law for 35 years. I also do some real estate and live in Ks/Mo. This is not a good idea. A large part of real estate agents are very republican and are totally in bed with the banks in my opinion and are not looking for anything but immediate gain. I am totally opposed to anything that does not strengthen minimal down payment requirements to at least 10 to 15 percent. It used to be 20 percent in the 70’s/80’s. We did not have those problems then. Based upon my experience and what I see, we lost a ton of real estate agents because they could no longer do nothing and make a lot of money. The ones remaining are hard working but they still see real estate as a god given right. It should not be. Keep the 15-20 percent minimum down payment.

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