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Yeah if you own a home or about to own a home listen up regulators may be about to screw you.
Here's out at the industry suggestion they are considering forcing home -- to put down 30% of the purchase price as a down payment.
This will be terrible for the housing market keep in mind the trouble to cause -- housing bubble and crash wasn't that people were putting down the industry standard of 20%.
It was that they were putting down nothing at all and bankers encourage them.
But now -- the new Dodd-Frank rules require banks to retain more of the -- on their books.
They're looking for ways to make up the difference and apparently they wanted to come out of our pockets.
This is wrong wrong wrong wrong we bailed out the banks now it's time for them to make loans reasonable loans to people who qualify for them.
But that's my two cents and this is the Willis report.
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