In contrast, sub- prime loans were 11.5 percent of conventional home loan purchases. ... mortgage loans with very minimal downpayments, without private mortgage insurance, and to borrowers with low credit scores a below 600 FICO.
|Title||:||Transforming the Federal Housing Administration for the 21st century|
|Author||:||United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity|
|Publisher||:||Not Avail - 2006-01-01|