Bair: 3% Down Payment Mortgage Comes with Risk
CNBC, May 26, 2016–Fox, Michelle
Borrowers who only put 3 percent down on a new home could be taking a risk, former Federal Deposit Insurance Corp. Chair Sheila Bair said Thursday. Earlier in the day, Wells Fargo announced it is now offering fixed-rate conventional mortgages with a minimum 3 percent down payment.
