Personal Finance Advice and Commentary

Monday, March 07, 2011 9:24 am
By Marcie Geffner · Bankrate.com

Should homebuyers be required to make a down payment of at least 20 percent of a home’s purchase price to qualify for a mortgage? That’s a hot topic in a current debate about the federal government’s soon-to-be-issued official definition of a “qualified residential mortgage” or “QRM.” Once the definition and the risk-retention rule that requires