A number of politicos and pundits are warning that reforming and/or getting rid of Fannie Mae and Freddie Mac would hit the home-mortgage market hard. Home buyers would have to make big down payments-20% or more-and mortgage interest rates would soar. Actually, sound reforms are crucial to getting the housing market back on a sustainable growth path. Not so long ago it was the norm in this country to put down 20% on a house.
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