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Loan Modification

: The Truth About Mortgage.com

Zero Down Mortgages Three Times More Likely to Default Than Those with 10 Percent Down

By scot184

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Some interesting tidbits from a housing symposium held earlier this month involving representatives from Amherst Securities and mortgage insurance company Genworth: Genworth President Kevin D. Schneider said a mortgage with a 0% down payment defaults three times more often than a mortgage with a 10 percent down payment. All the more reason for the FHA to consider [...]

Full post as published by The Truth About Mortgage.com on November 30, 2009 (boomark / email).

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