"According to the American Enterprise Institute's National Mortgage Risk Index data set for Oct. 2013, about half of those getting mortgages to buy homes — not to refinance — put 5 percent or less down," he said.
DONALD LAMBRO: Cringe-causing candidates →
Peter J. Wallison, financial analyst at the American Enterprise Institute, said that abolishing Fannie and Freddie and reprivatizing the mortgage market would be the best solution.
Fannie Mae and Freddie Mac deep in the hole →
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