Wednesday, May 8, 2013

Wealth Divide Update: 20% Downpayment Requirement?


The Urban Institute recently published this video creatively depicting the current wealth divide.

The question at hand among financial analysts, mortgage industry experts, congress persons, federal banking advisers and housing non-profits is as follows: Should banks require a 20 percent downpayment for all housing purchasers in order to ensure the safety of the financial institutions and prevent future financial crisis?

Click here to read the complete "Wealth Divide Update: 20% Downpayment Requirement?" article on the HAT DC blog!

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