is riskier to the home purchaser than 10% down? if you carefully look at other considerations and take them into account john: the man mumbling an answer is mel watt. he s now in charge of regulating fannie mae and freddie mac. then you can insure that a 3% loan is just as safe as a 10% down payment loan. john: really? a 3% down payment is as safe as a 10% one? how can that be? neither mel watt nor the secretary of housing would talk to us about the government s eagerness to give your money away, but we re fortunate that former fha commissioner david stephens will. he says in his two years serving under president obama he made the system safer. but not safe enough, says ed pinto, who studied housing risk for the american enterprise institute. he says we re on the way to another bubble. the government is once again doing the same thing that
is riskier to the home purchaser than 10% down? if you carefully look at other considerations and take them into account john: the man mumbling an answer is mel watt. he s now in charge of regulating fannie mae and freddie mac. then you can insure that a 3% loan is just as safe as a 10% down payment loan. john: really? a 3% down payment is as safe as a 10% one? how can that be? neither mel watt nor the secretary of housing would talk to us about the government s eagerness to give your money away, but we re fortunate that former fha commissioner david stephens will. he says in his two years serving under president obama he made the system safer. but not safe enough, says ed pinto, who studied housing risk for the american enterprise institute. he says we re on the way to another bubble. the government is once again doing the same thing that happened in the early 90s