Some 39% of homebuyers in 2010 made a down payment of less than 20%, loans that may not have...

|By:, SA News Editor

Some 39% of homebuyers in 2010 made a down payment of less than 20%, loans that may not have been made had the FDIC's risk-retention proposal been in place, CoreLogic says. "While clearly higher down payments are necessary and will reduce longer-term risk, using the consensus 20% down payment scenario, it will lead to more sluggish sales in some states in the short-term."