St Louis Mortgage Broker and Loan Reduction: 20 Percent Down Payments For Home Loans
St Louis Mortgage and Real Estate News –
St Louis Refinance and Principal Loan Reduction News: Regulators Push For 20 Percent Down Payments
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification ConsultantThe Dodd-Frank financial overhaul law enacted last year enabled regulators to define a so-called gold-standard residential mortgage that would be exempt from costly new rules according to St Louis mortgage brokers.
At least three agencies including the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency have backed a proposal to require home buyers to put down at least 20 percent of the sales price in order to obtain one of these "qualified residential mortgages."

