The Traderszone Network

Published in TZ Latest News 19 May, 2017 by The TZ Newswire Staff

Bank of America Wants to Make It Easier for You to Get a Mortgage

Bank of America (NYSE: BAC) CEO Brian Moynihan recently said that one regulatory change he’d like to see would be the reduction of the standard down payment on a mortgage from 20% to 10%. If this happened, Moynihan believes that more buyers would be able to obtain affordable mortgages, and banks would benefit from the added business, a win-win.

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