Directed Baier News Today

Least. and mortgage lenders, wells fargo, recently suggested raising that to 30%. peter barnes of the fox business network spoke to a key regulator today who rejected that notion. chief fox report chief correspondent jonathan hunt has more on the mishap involving military families. first, peter, what did we learn today from the federal deposit insurance corporation chairman sheila baier? >> shep, that she wants the down payment and a mortgage to remain at the historic level 20%. as part of finan...

Market recovery. today, baier suggested she agreed. >> the traditional mortgage 80% loan to value, the 20% down was with the standard for decades and it worked really well. and so i guess i would just like to go back to the experience we had before with those mortgages. we knew they were safe. >> still, 20% down may be too much for some credit-worthy home buyers. so, to help them, bair says the new standards will also allow banks to create new types of safer mortgages. shep? >> shepard: peter ba...